As mining becomes intense, the demand for mechanization and highly productive, safe, efficient and cost effective machinery will increase, writes Shyamal Asangi in this report

For the past several years the mining sector has been growing at the rate of 3% to 4% annually. Moreover, the new mining policy of Government of India is expected to give a further boost to the mining sector and the government is expecting to increase share of the mining sector in the GDP, which currently accounts for 2.8%.

Naturally, growth in the mining sector translates into an exponential growth for the Indian mining equipment industry. Currently, the market size of mining equipment in the country is estimated to be over Rs 10,000 crore. This industry is highly competitive with over 100 companies comprising of public (nearly 70%) and private sector companies (about 30% including joint ventures and closely held companies). Some of the players in the mining equipment industry include Volvo, Liebherr, Caterpillar, Sandvik, Terex, Bomag, Hyundai, Atlas Copco, Kobelco, Daewoo, Joy Mining, John Deere, Poclain, Tega, JCB, and Bitelli.


http://www.constructionweekonline.in/article-6280-mining_equipment_industry_in_top_gear/


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