Reports indicate that the total turnover of Sandvik Asia is around Rs 2,800 crore and the mining vertical is the largest contributor to the turnover.

It may be noted that Sandvik Asia is a subsidiary of the Swedish equipment company Sandvik AB.

The company expects three-fold growth in this segment by 2015. Sandvik?s mining vertical consists of bolter miner and continuous miner, drill rigs and rock drills, load and haul equipment, crushers and screens, rock tools and systems and mining systems comprising bulk material handling equipment.

It may be noted that the firm is in the process of strengthening its presence in India and it is making investments for manufacturing and research and development (R&D).

In manufacturing (at Chakan near Pune), fresh investments are being made for new products meant for the domestic market. Recently, the firm introduced a new product for the local coal mining sector.

The firm hopes early resolution of the hurdles in the country's mining sector growth. For Sandvik, and its globally established mining equipment compatriot Atlas Copco, the emerging Indian mining scenario holds immense promise, Soumitra Banerjee, President (Mining), Sandvik Asia, is quoted as saying in a media.