Panel for incentivising local production of mining gear

NEW DELHI: An inter-disciplinary committee, comprising officials from Coal India Ltd, railway ministry, heavy industries ministry, NLC India Ltd, NTPC Ltd, among other stakeholders, has recommended encouraging domestic manufacturing of mining equipment through incentive schemes, standardisation and specific tendering clauses. This gains focus as coal is expected to remain as the predominant energy source beyond 2030 as well. The committee expects a huge requirement of equipment in the next 10 years.