Indian mining sector facing challenges: Dassault Systemes

The Indian mining sector is facing challenges in the wake of low commodity prices, forcing companies to keep costs under check, Dassault Systemes said.
Geovia, a vertical of the French firm which produces 3D software for mining companies, is of the view that productivity would have to be improved at a lower cost for which innovation is important.
Geovia CEO Raoul Jacquand said Indian mining companies would have to embrace new technologies and digital models of mines is a pre-requisite for better productivity.
"We are cautiously optimistic about the Indian mining industry at the moment," he told PTI.
Terming India as a significant market for Geovia, he said that the company is keen to help firms achieve greater productivity through digital transformation of the mines into 3D models.

With major mining and mineral companies as its clients, the Indian operations of Geovia contribute to nearly 5 per cent of its global revenues. The company is eyeing double digit growth during the current calendar year.
Geovia has set up an R&D centre in Pune where 2,000 engineers are working on developing 3D models of mines.
Dassault, which has a global revenue of 3-5 billion euros, is also present in transportation and aerospace sectors.