Growing Indian Mining Industry: Bright prospects for Mining and Construction Equipment India’s Metallurgy and Mining Industry is an essential pillar in its economy and industries with its vast mineral resources. The future of the Indian mining industry lies in digital adoption that can enable new ways to drive productivity according to [...]
The mining and quarrying sector in India experienced a cumulative growth of 5.3% during FY 2016-17. It is known that bureaucratic hurdles have undermined the positive development in the sector for decades. The Indian Government is undertaking various steps to attract investors and increase domestic production. This should reduce the dependency on [...]
India is rich in minerals and only a fraction of its potential has been explored resulting in major imports. The Government’s target is to increase the share of mining and quarry to the country’s GDP by additional 1% from current 2.4%. Further, its dependence on imports in the Mining Industry [...]
Being a mineral rich country and having advantageous geographical conditions, India is economically empowered. The Government of India is implementing policies which will bring transparency in the system and also provide the much required impetus to the Mining Industry. Mining contributes around 2-2.5% to India’s GDP. In India, there are [...]
India is one of the few countries worldwide where steel demand will continue to grow in the forthcoming years. The demand growth rate is forecasted to be 5.4% in 2016-2017. This is mainly due to major projects in infrastructure of roads, railways and ports. Additional growth factors are the development [...]
The Metallurgy & Mining Industries (Indian Steel Industry) in India is the derivation of many products. Raw materials are being processed and used by numerous industries, such as automotive, construction and infrastructure. That makes it an important supplier in the Indian economy. India is surging ahead to become the 2nd [...]
The Indian Government launched the initiative ‘Make in India’ in 2014 to encourage companies to manufacture their products in India by reducing bureaucratic barriers. What is the effect for the Metallurgy in India? The Metallurgy in India faced big changes in the 90s with the onset of the liberalization and [...]
Indian steel industry faced a rapid development over the last decade and has a high potential to grow even faster in future. Currently, the industry has a production capacity of 90.5 Million Tonnes Per Annum (MTPA), originating from 75 MTPA for the period of 2009-2010. It is going to rise [...]
The growth of the mining & metallurgy industry in India is crucial for India’s growth in the next decade. While demand for commodities has been strong, supply has been constrained. If mining does not keep up with the demand, downstream industries will have to work with imported raw material, thus [...]
The metal and mining industry of India recorded 20% expansion in 2011 and expected to more than double in revenue to $305 billion by the end of 2015. Production volumes have been growing steadily within each export market and India’s strategic location enables convenient exporting to both developed markets as [...]
