NEW DELHI: Coal India Ltd (CIL) has unveiled a roadmap to phase out import of heavy-duty mining equipment in six years, aa move that will save the world’s largest coal miner Rs 1,000 crore additional expense incurred on customs duty annually and foster domestic manufacturing.
CIL currently procures some gear from domestic manufacturers, but has to import high-capacity gears valued at Rs 3,500 crores and pays an additional Rs 1,000 crore as customs duty.
The roadmap proposed by an inter-disciplinary committee under CIL director (technical) starts with the recommendation to include tender clauses to promote use of indigenous equipment.
