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Tokyo Komatsu, a Japanese heavy machinery manufacturer, intends to construct a $36 million service centre in India to maintain and repair coal mining machinery.
The new facility in the central Indian city of Nagpur would require two years of investment.
Even as other regions, like Europe, are moving away from the fossil fuel, the demand for coal in India is predicted to increase by 50% by 2030 compared to the previous year.
According to Komatsu President Hiroyuki Ogawa, “the demand in India will not decrease significantly over the next 10-15 years.”
The main function of the service centre is to repair parts of continuous miners that are used to extract coal. The apparatus is going to be dismantled, fixed, put back together, and examined.
Komatsu wants to grow its subterranean mining equipment business in India. The majority of India’s coal comes from open-pit mines. However, Komatsu sees opportunity for growth because subterranean mines have less of an influence on the surface of the ground.
According to research firm Global Information, the global market for underground mining equipment is expected to reach $11.8 billion by 2030, representing a 37% increase from 2023.
India became the most populated country in the world last year, surpassing China. According to the Indian Coal Ministry, the country’s coal demand is expected to increase from approximately 1 billion tonnes in 2023 to approximately 1.5 billion tonnes in 2030. By the end of the decade, India intends to treble its output from underground coal mines.
Komatsu’s fellow countryman Hitachi Construction Machinery is thinking of growing a production facility in Kharagpur, eastern India, where Tata Hitachi, a joint venture with Tata Motors, makes construction equipment.
In order to develop and maintain open-pit coal mining equipment, the site would be extended. It is anticipated that the investment to be made in fiscal 2026.
Group Media Publication
Construction, Infrastructure and Mining
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