CIL's Bold Move: Revitalising Domestic Mining Equipment Production
Equipment

CIL's Bold Move: Revitalising Domestic Mining Equipment Production

Coal India (CIL) has disclosed an ambitious plan aimed at phasing out imported mining equipment in favour of boosting domestic manufacturing. This strategic move underscores a paradigm shift towards self-reliance and economic autonomy in the mining sector.

The initiative seeks to reduce dependency on foreign suppliers and elevate the prominence of indigenous manufacturers. By gradually eliminating the reliance on imported mining equipment, CIL aims to strengthen the domestic manufacturing ecosystem. The plan aligns with broader national objectives, emphasising self-sufficiency and promoting the 'Make in India' campaign.

CIL's decision holds significant implications for the mining industry, fostering job creation and technological advancements within the country. It also aligns with environmental sustainability goals by reducing the carbon footprint associated with importing heavy machinery. The move is expected to stimulate the growth of the Indian manufacturing sector while addressing concerns related to economic resilience and resource security.

As CIL embarks on this transformative journey, stakeholders in the mining and manufacturing sectors eagerly anticipate the positive ripple effects on the economy. The strategic plan symbolises a commitment to self-reliance and positions India as a global player in the mining equipment manufacturing arena, setting the stage for long-term economic and industrial growth.

Coal India (CIL) has disclosed an ambitious plan aimed at phasing out imported mining equipment in favour of boosting domestic manufacturing. This strategic move underscores a paradigm shift towards self-reliance and economic autonomy in the mining sector. The initiative seeks to reduce dependency on foreign suppliers and elevate the prominence of indigenous manufacturers. By gradually eliminating the reliance on imported mining equipment, CIL aims to strengthen the domestic manufacturing ecosystem. The plan aligns with broader national objectives, emphasising self-sufficiency and promoting the 'Make in India' campaign. CIL's decision holds significant implications for the mining industry, fostering job creation and technological advancements within the country. It also aligns with environmental sustainability goals by reducing the carbon footprint associated with importing heavy machinery. The move is expected to stimulate the growth of the Indian manufacturing sector while addressing concerns related to economic resilience and resource security. As CIL embarks on this transformative journey, stakeholders in the mining and manufacturing sectors eagerly anticipate the positive ripple effects on the economy. The strategic plan symbolises a commitment to self-reliance and positions India as a global player in the mining equipment manufacturing arena, setting the stage for long-term economic and industrial growth.

Next Story
Infrastructure Urban

Andhra Pradesh to Develop 30,000 Women-Led Enterprises by 2025

The Municipal Administration and Urban Development (MAUD) Department is accelerating efforts to create sustainable livelihoods for women in urban areas, in line with Chief Minister Nara Chandrababu Naidu’s goal of fostering one lakh women entrepreneurs by 2025. Under this initiative, the MAUD Department has set a target to establish 30,000 women-led enterprises across towns and cities in Andhra Pradesh. To support this vision, the department plans to establish Micro, Small & Medium Enterprises (MSMEs) for women in TIDCO housing complexes. Vacant plots across 163 colonies have been earmarked ..

Next Story
Infrastructure Energy

G Kishan Reddy discusses mining expansion, clearances with Chhattisgarh CM

Coal and Mines Minister G Kishan Reddy met Chhattisgarh CM Vishnu Deo Sai on Friday to expedite land acquisition and environmental clearances for mining projects. Reddy, who was on a two-day visit to review operations at South Eastern Coalfields Ltd (SECL), discussed measures to boost mining-led economic growth in the state. Key topics included speeding up land acquisition for mine expansions, obtaining quicker environmental approvals, and setting up integrated rehabilitation and resettlement sites. The minister also highlighted the importance of developing critical minerals in the region, alo..

Next Story
Infrastructure Urban

NITI Aayog's Vision for India's Auto Industry

NITI Aayog has launched the report titled "Automotive Industry: Powering India’s Participation in Global Value Chains," offering a roadmap for the country’s automotive future. Released by Shri Suman Bery, Vice Chairman, the report outlines key strategies to grow India’s automotive sector to $145 bn in component production by 2030. India is currently the fourth-largest automobile producer globally, but with only a modest three per cent share in the global automotive component market. The report emphasises the need to strengthen India’s position through competitive manufacturing, skill d..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?