Archive · 19 May 2025
India's Mining and Construction Equipment Sector Aims for $45B by 2030
India's mining and construction equipment sector is expected to grow to a $45 billion market by 2030.
The government wants to help by modernizing infrastructure and resources.
But, there are problems like delays and high costs for underground mining.
Indian ore has complicated mineral mixtures which are hard to separate.
Also, Chinese companies are selling equipment at lower prices.
To help, the government has a plan with 10 points, including new manufacturing, clearer rules, and export help.
This could make lots of jobs and boost the economy by over $100 billion.
India's mining and construction equipment sector aims for a $45 billion market by FY30.
Underground mining faces hurdles including regulatory delays and high investment costs.
Complex mineral mixtures and lease regulations hinder mineral processing.
Chinese OEMs have increased market share by underpricing equipment.
The government is implementing a 10-point strategy to boost the sector.
- Who
- India's mining and construction equipment sector.
- What
- The sector's potential growth to $45 billion by FY30, focusing on policy interventions and regulatory reforms.
- When
- By FY30, with plans set by 2025.
- Where
- India.
- Why
- To modernize infrastructure and increase mineral self-reliance.
Chinese OEMs
Domestic Manufacturers
Competitive Pricing
Chinese OEMs
Chinese OEMs aggressively underprice and dump excess inventory.
Domestic Manufacturers
Domestic manufacturers face difficulties in competing with Chinese OEMs due to the current customs duty structure.
- Target Market Value by FY30
- $45 billion
- Underground Mining Output Goal by FY28
- 100 million tonnes
- Chinese OEMs Market Share in Excavators
- Doubled from below 10% to over 20%
- Potential Jobs by FY30
- 20 million
- Contribution to Indian Economy by 2030
- Over $100 billion