Mining, construction equipment industry posts 3% rise in domestic sales; exports surge 31.5%

The domestic mining and construction equipment industry recorded gross total sales of more than 140,000 units in the last fiscal year, representing a year-on-year rise of three per cent, supported by sustained public investment in infrastructure, TKIL Industries Managing Director and CEO Vivek Bhatia said on Tuesday.

The mining and construction equipment sector has emerged as a critical enabler of economic growth, supporting world-class infrastructure development, expanding mining operations and ensuring availability of essential minerals for manufacturing, energy security and technological advancement.

Exports jumped 31.5 per cent, underlining a structural shift as Indian manufacturers move beyond meeting domestic demand to establishing stronger footprints in overseas markets, driven by increased localisation, improved product quality and competitive pricing.

Speaking at the Mining & Construction Equipment Summit organised by the Confederation of Indian Industry (CII) in association with the Ministry of Heavy Industries, Bhatia said the sector's growth has been propelled by sustained public investment in infrastructure across all domains.

He said the industry is increasingly adopting mechanisation, world-class equipment and the latest generation technologies.

India stands at a defining moment in its development journey as it advances towards a $5 trillion economy and pursues the Viksit Bharat 2047 vision, Bhatia said.

He said expansion of highways, railways, ports, airports, urban infrastructure, renewable energy and manufacturing, alongside a growing focus on critical minerals, has created unprecedented opportunities for the sector.

Behind every kilometre of road built, every mine developed, every metro corridor commissioned and every industrial project completed, he said, lies the contribution of the mining and construction equipment industry.

As global economies shift to cleaner energy and advanced manufacturing, critical minerals are becoming increasingly strategic, Bhatia said.

He said India has recognised this priority and is taking policy measures to boost exploration, mining, processing and beneficiation to meet resource needs and ensure economic self-reliance.