India Gold Mine: India is on the brink of a significant shift in its gold production landscape as the Jonnagiri gold mine in Andhra Pradesh prepares to commence commercial operations. This development is poised to mark the first large-scale private gold mining endeavor in the country since its independence.
The Jonnagiri project, operated by Geomysore Services and backed by Thriveni Earthmovers and Lloyds Metals, represents a pivotal change in the sector. The project is not only focused on mining but also on refining and directly selling gold to local jewelers under its brand. Initial production targets are set at approximately 600 kg by the end of the fiscal year 2027, with ambitions to increase output to 2 tonnes annually.
Historically, India’s gold mining has been dominated by legacy operations such as the Hutti Gold Mines and the now-closed Kolar Gold Fields. The introduction of Jonnagiri signals a potential resurgence in domestic production, driven by private sector innovation and investment.
The timing of this project aligns with increased global geopolitical tensions, which have made gold imports more costly. India imports over 800 tonnes of gold annually, and the Jonnagiri project could play a crucial role in reducing this dependency. Industry experts also suggest the revival of legacy sites like Kolar Gold Fields could further bolster domestic production.
Looking forward, the success of the Jonnagiri project could inspire further private investment in India’s gold mining sector, potentially unlocking the country’s estimated 100 tonnes of gold reserves.
Published in SouthAsianDesk, March 28, 2026
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