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The Indian Mining & Metals Sector - Feasibility Study Report 2010
Venn Research Inc., June 2010, Pages: 37
India boasts significant mineral resources, producing 86 minerals. Coal constitutes over 80 percent of all mining activities with a turnover projected to be $30 billion by 2012. The Indian government-owned mines contribute over 80 percent of the total value of mineral production. Nevertheless, there is a strong trend in favour of private-sector led mining.
The mining sector has shown healthy growth over the past few years. The growth rate will likely continue, given the projected shortfall in coal supply and the current emphasis to increase coal production. Estimated investment of $21 billion in opencast mining and $5 billion in underground mining will be required to attain the target production level by 2025.
Although Indian firms manufacture mining equipment, U.S. firms will be competitive for providing high-end, higher size equipment and advanced technologies. Most of the global technology leaders are present in India as joint venture companies, or have set up their own manufacturing facilities or marketing companies.
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