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Mathur of Tata Hitachi: Mining policy revival offers promise for new players
Hemant Mathur, AVP – Sales and Marketing, Tata Hitachi Construction Machinery, speaks on the overall performance of the mining sector in India, and the segments that are driving the demand for their products.
Companies all over the world are turning to digital integration to increase efficiency in the mining process.
In recent years, mining companies have adopted a growing range of digital solutions. Many have mechanised their operations, moved from the physical to the digital realm by adding equipment sensors.
Unlocking the mining potential
The future of the Indian mining equipment market looks good with opportunities in underground mining and surface mining.
Trending mining equipment and features
The upcoming mining reforms are expected to drive the demand for advanced mining equipment technologies and solutions.
Self-reliance in mining equipment
With demand for mining machinery on the rise, it would be ideal for us to have Made-in-India mining machines.
Mining market scenario
The upcoming mining reforms are expected to drive the demand for advanced mining equipment technologies and solutions.
Digital Push in infra equipment
Construction equipment with digital and IoT technologies are driving smart planning and execution of projects in the country. This is expected to push the efficiency and productivity at project execution.
Increased footfall of customers boosts the confidence of the OEMs
A JV between Tata Motors (40 per cent) and Hitachi Construction Machinery Company (60 per cent), Tata Hitachi provides world-class construction equipment to address India's infrastructure and mining needs.
Compliance Challenges
Embracing the next level emission regulations is expected to be tough for the engine and equipment OEMs considering technology upgradations and need for adequate skill development among the users.
Mining Gains
The recent policy initiatives by the Central Government are expected to boost the mining activities in the country, providing new opportunities to private and global miners, and equipment and technology providers.
Best debutant award
Ankit Goel, Chief-R&D, Escorts Construction Equipment (centre) receiving the award from Steve Jones, Senior Director, Industry Insights Research, Dodge Data & Analytics (right), in the presence of Pratap Padode, Founder and President, FIRST Construction Council (left).
Reaching out to infra needs
Government's high spending on infrastructure projects drives the demand for construction equipment while earthmoving equipment being the largest used equipment category leads the growth.
On Cloud 7, Moving to 9!
The Indian construction industry is excited to witness the on-ground acceleration action in projects for most infra sectors. Probably the only sector which is waiting in the wings is realty, where there are still no signs of any major revival.
The Earth Movers and Shakers
As a consequence of the excavation activity gaining momentum, earthmovers like front-end loaders, crawler dozers, traxcavators and other earthmoving equipment are registering a CAGR of 15-18 per cent. Since the Indian economy is reviving, these equipment are also finding emerging markets in other sectors as well.
Compact Road Equipment Market to Grow
Developmental work in the North-East and far-flung rural areas will drive a robust growth of road building equipment, with a twist - the market for smaller-sized equipment to suit applications and delivery logistics requirements will be the gainer.
Connecting the CE Industry
As a prelude to Excon 2015, a road show was organised by Confederation of Indian Industry (CII) at Mumbai on October 8, 2015. In essence, this meet was organised by CII to showcase the exhibition and give an overview. The event was attended by all sections of the connected stakeholders.