Posted in | Coal | Mining Business

New Research Report Analyzes Mining Sector in India

The "Mining in India 2017" report has been added to Research and Markets' offering.

India's mining sector has been a consistent performer in the past few years. Since 2013-14, India's mining sector has exhibited strong growth fundamentals. The government has played its role well, by keeping a focused approach towards the mining industry. The government aims to increase the sector's current contribution by one percentage point (from the current level of ~2.5% towards GDP) in the next two-three years.

One of the major highlights of the sector has been a host of policy measures that have been introduced to aid its growth. In fact, the new policy landscape is believed to have played an important role in the sector's performance being witnessed since 2014-15.

The most important change to the policy framework has been the introduction of National Mineral Exploration Policy 2016. Other notable developments include MMDR (Amendment) Act, 2016, initiatives to introduce commercial mining in coal, Coal Bridge Linkage Policy, actionable plan for abandoned mines, etc. Other areas of focus have been transparency in operations, checking illegal mining, mine safety, star rating of mines, etc.

According to The research, the pipeline of mining sector is comprised of projects entailing an investment of at least Rs 1.22 trillion. These projects pertain to minerals such as coal, lignite, iron ore, copper, lead and zinc, sand as well as limestone.

Currently, the sector is marked by prevalence of opencast mining, low equipment utilisation levels, shortage of skilled manpower, huge untapped potential for exploration, increasing stripping ratio, etc. Most of these areas are being worked upon by the industry.

The sector is fraught with a number of challenges. These include regulatory issues, poor supporting infrastructure, environmental issues, financial concerns, land acquisition and rehabilitation and resettlement issues, global factors, MDO concerns, paucity of data, etc. However, the scenario is expected to improve with the passage of key policy initiatives taken in the recent times.

Long awaited policy changes and a robust project pipeline bodes well for the sector in the times to come. Government's target to enhance the sector's contribution to the country's GDP further strengthens the future growth. The user industries such as automobiles, cement, steel, construction, manufacturing, and infrastructure sectors too have a promising outlook thereby guaranteeing a ready market for the mined output. Given this, players in associated segments such as MDO, equipment, and mechanisation can also hope for better business cycles in the near-medium term.

Key Topics Covered:

Section I: Market Trends, Opportunities and Outlook

Section II: Focus On Coal Mining

Section III: Trends In Key Minerals

Section IV: Equipment and Technology Market

Section V: Company Profiles


Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback