Top export sector for India market


Did you know?

India allows foreign investment in the mining of most non-fuel minerals.


Mining and mineral processing equipment

(in US$ million)

Mining and mineral processing equipment 1995 1996 1997*
Total market size

895

1,075

1,235

Locally manufactured 625 750 885
Total exports 50 80 130
Total imports 320 405 480
Exchange rate: US$1 = Rs. 32.75 34.95 35.00
Source: Independent studies
*1997 figures are estimates

 
Promising sub-sectors

1997* market size (US$ mn)

Mineral screening, washing - flotation / separation and sedimentation - equipment

390

Mine locomotives

215

Excavators, shovels etc

120

Walking draglines

110

Long wall loader systems

90

Coal/rock cutters

80

Mine communications equipment

50

Points to note:

  • India has vast reserves of ferrous and non-ferrous minerals including iron ore, manganese, chromite, copper, lead, sulphur, zinc, gold, platinum and diamond.

  • But their exploitation is less than optimum due to old technology.

  • A new mineral policy introduced in 1993 allows foreign investment in the mining of most non-fuel minerals.

  • As far as fuel minerals are concerned, India has huge reserves of coal spread all over the country.

  • Coal mining remains state-owned but remains inefficient. So, the sector needs imported technology and equipment for greater efficiency.

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