{"id":576869,"date":"2023-05-16T09:56:12","date_gmt":"2023-05-16T04:26:12","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=576869"},"modified":"2023-05-16T11:02:26","modified_gmt":"2023-05-16T05:32:26","slug":"coal-india-to-phase-out-mining-equipment-imports-that-costs-rs-4500-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coal-india-to-phase-out-mining-equipment-imports-that-costs-rs-4500-cr\/","title":{"rendered":"Coal India to phase out mining equipment imports that costs Rs 4,500 cr"},"content":{"rendered":"<p>In a boost to domestic manufacturing of earth-moving equipment used in mines, Coal India Ltd has decided to phase out imports over a period of 5-6 years, the Coal Ministry said on Monday.<\/p>\n<p>According to the government, Coal India imports high-capacity equipment such as electric rope shovels, hydraulic shovels, dumpers, crawler dozers, drills, motor graders, front-end loaders wheel dozer, continuous miners equipment and others worth around Rs 3,500 crore and pays Rs 1,000 crore as custom duty, incurring heavy expense on purchasing machinery through importing.<\/p>\n<p>&#8220;Therefore, it has been planned to phase out import over the period of next five to six years by encouraging and developing domestic equipment manufacturers&#8217; capabilities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a boost to domestic manufacturing of earth-moving equipment used in mines, Coal India Ltd has decided to phase out imports over a period of 5-6 years, the Coal Ministry said on Monday. According to the government, Coal India imports high-capacity equipment such as electric rope shovels, hydraulic shovels, dumpers, crawler dozers, drills, motor graders, front-end loaders wheel dozer, continuous miners equipment and others worth around Rs 3,500 crore and pays Rs 1,000 crore as custom duty, incurring heavy expense on purchasing machinery through importing. &#8220;Therefore, it has been planned to phase out import over the period of next five [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,170,130],"tags":[],"class_list":["post-576869","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-coal-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=576869"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/576869\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=576869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=576869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=576869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}