FOMENTO RESOURCES IS AN ALLIANCE OF COMPANIES IN THE MINERAL RESOURCE INDUSTRY COMMITTED TO THE SOCIAL AND ECONOMIC ADVANCEMENT OF ITS COMMUNITIES.
The alliance's activities include resource development (exploration, excavation, and mineral processing), logistics (surface and marine), and sales (international and domestic).
The member companies include Sociedade De Fomento (SFI), Fomento Karnataka (FKPL), Infrastructure Logistics (ILPL), Marine Infrastructure Goa (MIG) and Karnataka Ferro Concentrates (KFC).
Technological advancements cover several areas such as mineral processing (implementing a high gradient magnetic separator), haulage (adherence to tier-3 standards), and maritime logistics (deploying and successfully operating a 25-tonne floating crane).
Cumulatively, in 2010-11 the member companies have exceeded 16.6 million tonnes in sales including exports to countries such as Japan, China, and Romania.