What does GMDC mean in COMPANIES & FIRMS
The Gujarat Mineral Development Corporation (GMDC) is a Government of Gujarat owned entity responsible for the exploration and exploitation of minerals in the state with the commitment to use its resources for the socio-economic development of Gujarat. Founded in 1963, GMDC has since become a major provider of minerals and mineral-based products with consistent contribution to the economic growth and prosperity of the state.
GMDC meaning in Companies & Firms in Business
GMDC mostly used in an acronym Companies & Firms in Category Business that means Gujarat Mineral Development Corporation
Shorthand: GMDC,
Full Form: Gujarat Mineral Development Corporation
For more information of "Gujarat Mineral Development Corporation", see the section below.
Overview
GMDC operates over 20 mines across 8 districts in Gujarat that produce lignite, bauxite, bentonite, fluorspar, silica sand and limestone. These mines have been developed with support from numerous government departments as part of their efforts to promote sustainable mining practices. In addition to its mining operations, GMDC has also set up corporate office complexes at Ahmedabad, Gandhinagar and Jamnagar. It offers a wide array of services ranging from transportation, marketing and trading of minerals to providing technical assistance to industry partners on other mineral related topics.
Significance
Gujarat's industry has benefited immensely by GMDC's timely and adequate supply of quality minerals over the years. The corporation is engaged in both domestic as well as export sales with customers from various parts of India and across borders such as Japan, Dubai, Taiwan and China. It also runs several consulting services related to technology transfer and offers financial services for setting up small - medium scale industries in the state.
Final Words:
GMDC has been instrumental in transforming Gujarat into one of India's most industrially advanced states through its focus on promoting sustainable mining practices while contributing towards building a strong mining sector within the region. Over more than five decades since it was established, it has consistently enabled economic growth and prosperity within the state by offering quality minerals at competitive prices while emphasizing technological advancement within its operations.