The global mining equipment market size was valued at USD 12082 billion in 2017 and is anticipated to record a CAGR of 117% during the forecast period Growing drilling and exploration activities across the globe are projected to drive the market over the coming years
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Thanks to the overwhelming demand for “Kamal” and “Shaktiman” earthmoving and mining equipments due to the non-compromise quality and productivity, in the year of 2000 a new manufacturing plant with almost modern sophisticated amenities has started under name of “MARSMAN INDIA LTD”
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equipment segments in India All areas open for 100% FDI Government to focus on improved productivity through better equipment • All sub-segments of mining and earthmoving equipment are open for 100% FDI in India • Many global majors have established wholly owned subsidiaries taking advantage of this
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In the late 1990’s, Joy Mining Machinery began a series of strategic acquisitions, bringing world-class brands into the Joy product family In 1997, Longwall International (a leading line of longwall equipment) was acquired In 2006, Stamler, the most popular feeder breaker and battery hauler equipment in the mining industry, was acquired