IME 2012

INDUSTRY SCENARIO

Minerals are valuable natural resources being finite and non-renewable. They constitute the vital raw materials for many basic industries and are a major resource for development. The history of mineral extraction in India dates back to the days of the Harappan civilization. The wide availability of the minerals in the form of abundant rich reserves made it very conducive for the growth and development of the mining sector in India.

The geological and metallogenic history of India is similar to mineral rich countries like Australia, South Africa, South America, and Antarctica etc, all of which formed a continuous landmass prior to the breaking up of Gondwanaland. It also has some features similar to the mineral rich Canadian shield of North America.

The Foreign Direct Investment (FDI) policy in the mining sector after liberalisation in 1997, opened up an “automatic approval” route for investments involving foreign equity participation upto 50% in mining projects, and upto 74% in services incidental to mining.

The FDI in the mining sector for all non-atomic and non-fuel minerals have now been fully opened upto 100% through the automatic route including diamonds and precious stones.

• World's largest producer of mica blocs and splittings
• 3rd among global chromite producers
• 3rd in the production of coal, lignite, barytes
• 4th in the production of iron -ore
• 6th in the production of bauxite and manganese ore
• 10th in the production of Aluminium
• 11th in the production of crude steel

Being aware of the vast potential of the sector, the Indian Government has been consistently and in a pragmatic manner opening up the previously controlled regime to usher private investment in the sector and infuse funds, technology and managerial expertise. The opening up of the Indian mining sector has, therefore, generated considerable global interest. The Indian mining sector was opened up to Foreign Direct Investment in 1993 after the announcement of the New Mineral Policy. The Foreign Direct Investment (FDI) policy in the mining sector has been gradually liberalized over the last few years. FDI cap for exploration and mining of diamonds and precious stones have been increased to 100% under the automatic route with effect from 10th February, 2006. With this, the Foreign Direct Investment in the mining sector for all non-atomic and non-fuel minerals have now been fully opened upto 100% through the automatic route including diamonds and precious stones. The new Mining Policy also seeks to develop a sustainable framework for optimum utilization of the country’s natural mineral resources for the industrial growth in the country and at the same time improving the life of people living in the mining areas, which are generally located in the backward and tribal regions of the country.

MINING EQUIPMENTS & MACHINERY:
Mining and Construction equipment cover a variety of machinery such as hydraulic excavators, wheel loaders, backhoe loaders, bull dozers, dump trucks, tippers, graders, pavers, asphalt drum / wet mix plants, breakers, vibratory compactors, cranes, forklifts, dozers, off-highway dumpers (20T to 170T), drills, scrapers, motor graders, rope shovels etc.

With a wide production capacity base, India is perhaps the only developing country, which is totally self-reliant in such highly sophisticated mining and mineral processing equipments. They perform a variety of functions like preparation of ground, excavation, haulage of material, dumping / laying in specified manner, material handling, road construction etc. This equipment is required for both mining and construction activity.