IME 2008 Exhibition in Kolkata - an ideal ground for Coal Mining Business in India!
India: The Coal Mining Hosting Country of IME 2008 Exhibition and 2nd Asian Mining Congress!
Business Opportunities in Coal Mining, India's vast Mineral Wealth with New Technology and Investment: The 2nd International Mining, Exploration Mineral Processing Technology & Machinery Exhibition will take place from 17 to 20 January 2008, Kolkata, India.
With only 49 days to go before the opening of the IME 2008 Exhibition, the event is set for unprecedented success, with more intent to exhibit exhibitors than the 2006 event and over 80% of exhibition space already allocated. This IME 2008 exhibition is jointly organised by Tafcon Group and Expomedia Events Limited, an international company running more than 60 annual specialised exhibitions and 250 business-to-business conferences.
Sector Development Director for the IME 2008 exhibition, Oleg Netchaev, says, “We are experiencing significant demand from within the industry and we are confident in delivering an outstanding second edition with record interest from exhibitors and delegates. IME 2008 offered a full range of services to make participation as simple and effective as possible and we can suggest ways to maximise participation and help with travel and freight arrangements”.
Overview of Mining and Mineral Industry in India: India has one of the fastest growing mining, metals and minerals sector in the world. The Indian metals sector, especially the coal and minerals segments have the dual advantage of a fast growing demand from domestic and export markets and easy raw material access in terms of huge high quality coal, iron ore and bauxite reserves.
Coal is the most important and abundant fossil fuel in India, with the country ranking third in worldwide production (407 million tons) and consumption (425 million tons) of coal & lignite. Coal accounts for around sixty percent of the country's energy need, with reserves being estimated by the Geological Survey of India at 247.85 billion tons whereas lignite reserves in the country have been estimated at around 36 billion tons. Hard coal deposits, spread over 27 major coalfields, are mainly confined to the eastern and south central parts of India. India has a potential coal-bearing area of about 22,400 sq. kilometers, of which only about 45 percent has been partially explored. India imports about 25-30 million tons of coal per year, which includes some 10 million tons of coking coal. However, in view of growing shortage of coal, imported thermal coal is becoming attractive to Indian customers, especially those along the coastline.
The Indian market for mining and mineral processing equipment is estimated at $2.2 billion. The market grew by nearly 4 percent in 2006. This growth rate will likely continue, given the projected shortfall in coal supply and increased competition that privatization will bring. Estimated investment of $21 billion in opencast mining and $5 billion in underground mining will be required to attain the target production level by 2025. Most of the global technology leaders are present in India as joint venture companies, or have set up their own manufacturing facilities, or marketing companies.
Prospective Buyers: The Indian market for mining and mineral processing equipment is estimated at $2.2 billion. India has 2326 private and 292 public sector mines. Over 80 percent of the mining activities in India are in coal. Coal mining started in India in 1774. Considering India’s limited reserve of petroleum & natural gas, ecological concerns regarding hydropower and low base of nuclear power, coal will continue to occupy the center-stage of India's energy scenario.
Increased mining activity at Coal India coupled with replacement demand for aged heavy engineering and mining machinery is expected to boost demand for mining equipment. The $60 billion anticipated investment in power generation between 2007-2012 is expected to create significant market opportunity for mining and material handling equipment providers. Ten per cent of the cost of setting up of new thermal power plant is material handling equipment. The Coal Ministry estimates that an investment of $21 billion in opencast mining and $5 billion in underground mining will be required to attain the target production level by 2025. Likewise, the Indian Planning Commission estimates that demand for coal will be around 800 million tons by 2011, and this will greatly exceed supply. In 2007, projected shortfall in coal supply is 50 million tons. Large power generating stations have reported a dip in their average stock of coal in 2006. Foreign Direct Investment (FDI) is permitted in coal sector in captive mines with no Foreign Investment Promotion Board (FIPB) approval required with foreign equity less than 50 percent. Higher equity is allowed with FIPB approval depending on end-use. Current policy allows FDI in coal and lignite mining for captive consumption for power generation (100 percent), steel and cement (74 percent). In coal processing (washing and sizing), 100 percent FDI is allowed. The Investment Commission estimates $30-40 billion investment opportunity over next ten years to explore and develop new coalmines, manufacture and sell state-of-art mining equipment and technology and create related infrastructure for off-take of mined coal.
Coal India Ltd. (CIL), a large Government-owned conglomerate, mines more than 80 percent of India's coal reserves. Coal India limited, along with its eight subsidiaries, is the largest buyer for coal mining equipment in the country. For details of various Coal India Ltd tenders and investment opportunities, please visit website. Two other government-owned companies in South India – Singareni Collieries Ltd. in Andhra Pradesh and Neyveli Lignite Corporation in Tamil Nadu -- are other important end users of coal mining equipment. In the private sector, Tata Iron & Steel Company Ltd. (TISCO) in Jamshedpur, Jharkhand continues to be a major buyer of equipment for its captive coalmines. India's private sector power utility companies like Reliance, CESC, and Tata are also working on projects to develop, own and operate captive coalmines, which will require latest technology and equipment.
Indian Coal Mining Resources and Key websites to visit:
Where are the main opportunities? India is the leading mining nations of the world and it ranks ahead of most of the Asian countries. Today India is ranked among the world’s top five countries for its reserves of coal and iron ore: coal reserves of 255.17 bn tones and its fourth in worldwide rank. The mining industry in India taking initiatives to attract investment from foreign mining, exploration and capital investors with target set for 2007 to 2009 of US$ 22,37 billions, and Indian mining exploration sector are open to foreign direct investment. India's steel production is expected to grow from the current level of 38 million tonnes to 50 million tonnes by 2012 and 100 million tonnes by 2020.
India's vast mineral wealth with new technology and investment: India is formulating a new mining policy aimed at attracting foreign investment of Rs.1 trillion ($21.5 billion) and creating 500,000 jobs by 2011. 'The government intends to come out with a new policy because the existing mining policy of 1993 has become old and contains stringent provisions that restrict investors to put their money into the Indian mining and mineral sector,' Mines Minister Sis Ram Ola Ola told at meeting organised by the Association of Chamber of Commerce (Assocham).
India is targeting foreign direct investment (FDI) of around Rs.1,000 billion ($22.37 billion) in the mining sector in two years by introducing a new mining policy. The new mining policy is under formulation by the ministry based on the Hoda committee report; it would encourage foreign companies to set up joint ventures with local companies. The new policy also would streamline the process to make the prospective exploration licence holder eligible to execute the project. The government has approved foreign direct investment worth around $4 billion and around $160 million had been invested in the sector.
Why Kolkata? Kolkata is also aptly called the Coal Mining Capital of India because of its proximity to major coalfields and metal mining belts. Headquarters of Geological Survey of India, Coal India, Hindusthan Copper etc. are also located in Kolkata. Academic and Research Institutes on Mining like Indian School of Mines, Dhanbad, Bengal Engineering & Science University, Shibpur, Indian Institute of Technology, Kharagpur, Central Fuel Research Institute, Central Mining Research Institute, Director General of Mines Safety etc. are all located within the 250 km distance from Kolkata.
It's Your Miner Business, Your Mining Industry — Make it Your Mining Exhibition in 2008! The IME 2008 Exhibition in Kolkata is designed to benefit every mining, exploration and members of the coal mine, quarry management operation. With more than 160 exhibitors covering around 10,000 square meters of exhibit space, and latest unique display of machinery, this truly is necessary-attend coal mining trade exhibition.
Exhibiting at the IME 2008 Exhibition is a valuable step to help your company achieve its sales and marketing goals, allowing you more opportunities to:
• Identify New Customers
• Promote Brand Awareness
• Generate Sales Leads
• Strengthen Relationships With Current Customers
• Visit With Others in the Coal Mining Industry
• Exhibiting at the IME 2008 Exhibition
It's your business, your industry - Coal India Ltd. (CIL), a large Government-owned conglomerate, mines more than 80 percent of India's coal reserves. Coal India Limited, along with its eight subsidiaries, is the largest buyer for coal mining equipment in the country. For details of various Coal India Ltd tenders and investment opportunities, please visit website. You can visit Coal India stand at IME 2008 exhibition in Kolkata, stand number NF 21 in Netaji Stadium or for more information about tenders, please visit website http://www.coalindia.nic.in/
Company summary: The Expomedia Group organises international exhibitions and conferences and the company is best known for its work in providing cost effective access to emerging markets and through the provision of modern, multi-functional event space. The company operates to high standards and is a member of a number of event industry associations including the Global Association of the Exhibition Industry (UFI).
IME 2008 in Kolkata
IME 2008 Exhibition set for unprecedented success
IME 2008 Exhibition in Kolkata - an ideal ground for Coal Mining Business in India!
India: The Coal Mining Hosting Country of IME 2008 Exhibition and 2nd Asian Mining Congress!
Business Opportunities in Coal Mining, India's vast Mineral Wealth with New Technology and Investment: The 2nd International Mining, Exploration Mineral Processing Technology & Machinery Exhibition will take place from 17 to 20 January 2008, Kolkata, India.
With only 49 days to go before the opening of the IME 2008 Exhibition, the event is set for unprecedented success, with more intent to exhibit exhibitors than the 2006 event and over 80% of exhibition space already allocated. This IME 2008 exhibition is jointly organised by Tafcon Group and Expomedia Events Limited, an international company running more than 60 annual specialised exhibitions and 250 business-to-business conferences.
Sector Development Director for the IME 2008 exhibition, Oleg Netchaev, says, “We are experiencing significant demand from within the industry and we are confident in delivering an outstanding second edition with record interest from exhibitors and delegates. IME 2008 offered a full range of services to make participation as simple and effective as possible and we can suggest ways to maximise participation and help with travel and freight arrangements”.
Overview of Mining and Mineral Industry in India: India has one of the fastest growing mining, metals and minerals sector in the world. The Indian metals sector, especially the coal and minerals segments have the dual advantage of a fast growing demand from domestic and export markets and easy raw material access in terms of huge high quality coal, iron ore and bauxite reserves.
Coal is the most important and abundant fossil fuel in India, with the country ranking third in worldwide production (407 million tons) and consumption (425 million tons) of coal & lignite. Coal accounts for around sixty percent of the country's energy need, with reserves being estimated by the Geological Survey of India at 247.85 billion tons whereas lignite reserves in the country have been estimated at around 36 billion tons. Hard coal deposits, spread over 27 major coalfields, are mainly confined to the eastern and south central parts of India. India has a potential coal-bearing area of about 22,400 sq. kilometers, of which only about 45 percent has been partially explored. India imports about 25-30 million tons of coal per year, which includes some 10 million tons of coking coal. However, in view of growing shortage of coal, imported thermal coal is becoming attractive to Indian customers, especially those along the coastline.
The Indian market for mining and mineral processing equipment is estimated at $2.2 billion. The market grew by nearly 4 percent in 2006. This growth rate will likely continue, given the projected shortfall in coal supply and increased competition that privatization will bring. Estimated investment of $21 billion in opencast mining and $5 billion in underground mining will be required to attain the target production level by 2025. Most of the global technology leaders are present in India as joint venture companies, or have set up their own manufacturing facilities, or marketing companies.
Prospective Buyers: The Indian market for mining and mineral processing equipment is estimated at $2.2 billion. India has 2326 private and 292 public sector mines. Over 80 percent of the mining activities in India are in coal. Coal mining started in India in 1774. Considering India’s limited reserve of petroleum & natural gas, ecological concerns regarding hydropower and low base of nuclear power, coal will continue to occupy the center-stage of India's energy scenario.
Increased mining activity at Coal India coupled with replacement demand for aged heavy engineering and mining machinery is expected to boost demand for mining equipment. The $60 billion anticipated investment in power generation between 2007-2012 is expected to create significant market opportunity for mining and material handling equipment providers. Ten per cent of the cost of setting up of new thermal power plant is material handling equipment. The Coal Ministry estimates that an investment of $21 billion in opencast mining and $5 billion in underground mining will be required to attain the target production level by 2025. Likewise, the Indian Planning Commission estimates that demand for coal will be around 800 million tons by 2011, and this will greatly exceed supply. In 2007, projected shortfall in coal supply is 50 million tons. Large power generating stations have reported a dip in their average stock of coal in 2006. Foreign Direct Investment (FDI) is permitted in coal sector in captive mines with no Foreign Investment Promotion Board (FIPB) approval required with foreign equity less than 50 percent. Higher equity is allowed with FIPB approval depending on end-use. Current policy allows FDI in coal and lignite mining for captive consumption for power generation (100 percent), steel and cement (74 percent). In coal processing (washing and sizing), 100 percent FDI is allowed. The Investment Commission estimates $30-40 billion investment opportunity over next ten years to explore and develop new coalmines, manufacture and sell state-of-art mining equipment and technology and create related infrastructure for off-take of mined coal.
Coal India Ltd. (CIL), a large Government-owned conglomerate, mines more than 80 percent of India's coal reserves. Coal India limited, along with its eight subsidiaries, is the largest buyer for coal mining equipment in the country. For details of various Coal India Ltd tenders and investment opportunities, please visit website. Two other government-owned companies in South India – Singareni Collieries Ltd. in Andhra Pradesh and Neyveli Lignite Corporation in Tamil Nadu -- are other important end users of coal mining equipment. In the private sector, Tata Iron & Steel Company Ltd. (TISCO) in Jamshedpur, Jharkhand continues to be a major buyer of equipment for its captive coalmines. India's private sector power utility companies like Reliance, CESC, and Tata are also working on projects to develop, own and operate captive coalmines, which will require latest technology and equipment.
Indian Coal Mining Resources and Key websites to visit:
• Ministry of Coal and Mines http://www.coal.nic.in
http://mines.nic.in
• Coal India Limited http://www.coalindia.nic.in
• Mineral Exploration Corporation Ltd. http://www.meclindia.com
• Central Mine Planning & Design Institute Limited http://www.cmpdi.co.in
• Indian Institute of Coal Management, Ranchi http://www.iicm-india.com/
• Publications of Indian Bureau of Mines http://ibm.nic.in/publications.html
Where are the main opportunities? India is the leading mining nations of the world and it ranks ahead of most of the Asian countries. Today India is ranked among the world’s top five countries for its reserves of coal and iron ore: coal reserves of 255.17 bn tones and its fourth in worldwide rank. The mining industry in India taking initiatives to attract investment from foreign mining, exploration and capital investors with target set for 2007 to 2009 of US$ 22,37 billions, and Indian mining exploration sector are open to foreign direct investment. India's steel production is expected to grow from the current level of 38 million tonnes to 50 million tonnes by 2012 and 100 million tonnes by 2020.
India's vast mineral wealth with new technology and investment: India is formulating a new mining policy aimed at attracting foreign investment of Rs.1 trillion ($21.5 billion) and creating 500,000 jobs by 2011. 'The government intends to come out with a new policy because the existing mining policy of 1993 has become old and contains stringent provisions that restrict investors to put their money into the Indian mining and mineral sector,' Mines Minister Sis Ram Ola Ola told at meeting organised by the Association of Chamber of Commerce (Assocham).
India is targeting foreign direct investment (FDI) of around Rs.1,000 billion ($22.37 billion) in the mining sector in two years by introducing a new mining policy. The new mining policy is under formulation by the ministry based on the Hoda committee report; it would encourage foreign companies to set up joint ventures with local companies. The new policy also would streamline the process to make the prospective exploration licence holder eligible to execute the project. The government has approved foreign direct investment worth around $4 billion and around $160 million had been invested in the sector.
Why Kolkata? Kolkata is also aptly called the Coal Mining Capital of India because of its proximity to major coalfields and metal mining belts. Headquarters of Geological Survey of India, Coal India, Hindusthan Copper etc. are also located in Kolkata. Academic and Research Institutes on Mining like Indian School of Mines, Dhanbad, Bengal Engineering & Science University, Shibpur, Indian Institute of Technology, Kharagpur, Central Fuel Research Institute, Central Mining Research Institute, Director General of Mines Safety etc. are all located within the 250 km distance from Kolkata.
It's Your Miner Business, Your Mining Industry — Make it Your Mining Exhibition in 2008! The IME 2008 Exhibition in Kolkata is designed to benefit every mining, exploration and members of the coal mine, quarry management operation. With more than 160 exhibitors covering around 10,000 square meters of exhibit space, and latest unique display of machinery, this truly is necessary-attend coal mining trade exhibition.
Exhibiting at the IME 2008 Exhibition is a valuable step to help your company achieve its sales and marketing goals, allowing you more opportunities to:
• Identify New Customers
• Promote Brand Awareness
• Generate Sales Leads
• Strengthen Relationships With Current Customers
• Visit With Others in the Coal Mining Industry
• Exhibiting at the IME 2008 Exhibition
It's your business, your industry - Coal India Ltd. (CIL), a large Government-owned conglomerate, mines more than 80 percent of India's coal reserves. Coal India Limited, along with its eight subsidiaries, is the largest buyer for coal mining equipment in the country. For details of various Coal India Ltd tenders and investment opportunities, please visit website. You can visit Coal India stand at IME 2008 exhibition in Kolkata, stand number NF 21 in Netaji Stadium or for more information about tenders, please visit website http://www.coalindia.nic.in/
Company summary: The Expomedia Group organises international exhibitions and conferences and the company is best known for its work in providing cost effective access to emerging markets and through the provision of modern, multi-functional event space. The company operates to high standards and is a member of a number of event industry associations including the Global Association of the Exhibition Industry (UFI).
For further information about EME, visit the website http://www.expomediagroup.com ■