India Mining Industry Overview
India is a fast-growing market that relies on imports of construction and mining equipment. The market for construction and mining equipment has experienced a 24% growth over 2017 and a 5-year compound annual growth rate of 7.7%. Coal accounts for 80% of the mining activity in India, and other major sectors include iron and limestone.
One main challenge in India is lower grades in some deposits. India’s domestic mining services industry is fairly vibrant and consulting and engineering tends to be done domestically. While some small and mid-size equipment is built domestically, larger equipment is imported, mostly from Asia.
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