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Mining Needs a Leg-up

For India to achieve its full potential in the mining sector, policymakers need to give a leg-up in lifting the mining sector on a high growth path. Jayanta Roy elaborates on the mining industry scenario in India.

THE ROAD AHEAD

The roads and highways sector is expected to bounce back soon with the government's corrective measures to combat slowdown and the large number of projects planned in the coming years. The road equipment players are bullish on the future growth prospects.

Demand may shift towards higher capacity cranes

Pick-and-carry cranes are used for a wide range of material handling tasks and are capable of travelling good a distance on roads, i.e., they have good inter-site mobility.

We plan to expand in southern and northern parts of Odisha.

The Central and Sate Governments have to take necessary steps to refresh the mining activities, says Kaushik Das, Managing Director, Konark Infracore. Excerpts from the interview

A complex growth pattern

Till date, leasing has not been not more than one per cent of the total equipment finance market. However, with the clarity coming about taxation related to leasing and a direct tax code coming up, there is a huge opportunity of revival of this product in the coming years.

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