State-owned Coal India Ltd (CIL) is set to gradually phase out the import of high-capacity mining equipment worth Rs 3,500 crore over the next six years, aiming to boost domestically manufactured machinery. Currently, imports of equipment like electric rope shovels, hydraulic shovels, dumpers, and more incur additional expenses of Rs 1,000 crore in customs duty. To reduce dependence on imports and promote domestic production, CIL has outlined a strategy to procure high-capacity machines from Indian manufacturers. The government’s move aligns with efforts to strengthen indigenous manufacturing capabilities in the coal mining sector, anticipating a substantial demand for equipment beyond 2030.
Coal India Plans Six-Year Phase-Out of Imported Mining Equipment
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