Cancelation of Coal Mining rights and Its Impact on Mine Equipment Industry

The growth mining equipment industry is directly dependant on the growth of Mining industry. Conducive conditions for mining would lead to higher demand for mining equipment. However, cancellation of mining rights of coal mines in India �has hindered the growth of mining equipment.� Regulatory constraints on FDI and private participants in coal mines and environmental clearance has only made process more hackneyed for mining equipment and mining industry. On the other hand, mining equipment rental industry has been growing at a fast rate in India due to regulatory constraints. It has offset the impact of the regulations and court rulings. This article provides a comprehensive analysis of Impact of deallocation of mines and other regulations on the mine equipment industry in India.   Author: Pakshaal S Shah