{"id":49732,"date":"2025-06-11T10:56:33","date_gmt":"2025-06-11T05:26:33","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=49732"},"modified":"2025-06-11T13:20:01","modified_gmt":"2025-06-11T07:50:01","slug":"india-needs-policy-push-for-green-fuel-mining-equipment-fimi-deloitte-study","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/india-needs-policy-push-for-green-fuel-mining-equipment-fimi-deloitte-study\/","title":{"rendered":"India Needs Policy Push for Green Fuel Mining Equipment: FIMI-Deloitte Study"},"content":{"rendered":"<h2>Green Mining Vehicles in India Latest News<\/h2>\n<ul>\n<li>A study highlights the need for targeted and well-defined policy interventions to promote the adoption of alternative fuel Heavy Earth Moving Machinery (HEMM) in India\u2019s mining sector.\u00a0<\/li>\n<li>The report emphasizes cleaner vehicle adoption as key to sustainable mining practices.<\/li>\n<li>The study was undertaken by the Sustainable Mining Initiative (SMI), a division of the Federation of Indian Mineral Industries (FIMI) in association with Deloitte which has prepared the detailed report.<\/li>\n<\/ul>\n<h2>India\u2019s Expanding Mining Sector<\/h2>\n<ul>\n<li>India mines 95 minerals and holds significant reserves. Its mining equipment market, worth USD 6.4 billion in 2024, is projected to grow to USD 11.34 billion by 2033.\u00a0<\/li>\n<li>Surface mining dominates, but underground mining is gaining traction.<\/li>\n<\/ul>\n<h3>Green Mining: A Step Toward Sustainability<\/h3>\n<ul>\n<li>Green mining involves eco-friendly technologies and practices to reduce the environmental impact of mining.\u00a0<\/li>\n<li>It includes using renewable energy, recycling waste, conserving water, and adopting sustainable extraction methods.\u00a0<\/li>\n<li>The aim is to lower the industry\u2019s carbon footprint and encourage responsible mining.<\/li>\n<\/ul>\n<h3>OEMs Responding to the Shift<\/h3>\n<ul>\n<li>Indian Original Equipment Manufacturers (OEMs) are developing electric, LNG-powered, hydrogen-based, and biofuel-compatible HEMMs.\u00a0<\/li>\n<li>While electric and LNG tech are in use, hydrogen models are still under trial.<\/li>\n<\/ul>\n<h2>Case Study: Surjagarh Iron Ore Mine<\/h2>\n<ul>\n<li><strong>Pioneering Green Mining in India<\/strong>\n<ul>\n<li>Lloyds Metals and Energy Ltd (LMEL) is transforming the Surjagarh Iron Ore Mine (SIOM) in Maharashtra into\u00a0<strong>India&#8217;s first green mine<\/strong>.<\/li>\n<li>It is doing so by adopting sustainable technologies and practices across all mining operations.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Significant CO\u2082 Emission Reductions<\/strong>\n<ul>\n<li>SIOM has already reduced carbon emissions by 32,000 tonnes annually.\u00a0<\/li>\n<li>With a planned transition to renewable energy, this reduction is expected to reach 50,000 tonnes per year.<\/li>\n<\/ul>\n<\/li>\n<li><strong>End-to-End Decarbonisation Efforts<\/strong>\n<ul>\n<li>LMEL\u2019s green initiatives span the entire mining process\u2014drilling, loading, hauling, and logistics\u2014guided by a philosophy of innovation, efficiency, and sustainability, aiming for green steel production aligned with India\u2019s Net Zero goals.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Rapid Electrification of Mining Fleet<\/strong>\n<ul>\n<li>The mine\u2019s fleet of Bharat Electric Vehicles has grown from 34 to 56, cutting air pollution and reducing dependence on fuel imports.\u00a0<\/li>\n<li>LMEL aims to deploy over 100 electric vehicles by 2025\u201326.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>Cleaner Fuel in Mining: Key Findings from the SMI-FIMI-Deloitte Study<\/h2>\n<ul>\n<li>India must adopt a coherent and targeted policy framework to promote the use of alternative fuel-based Heavy Earth Moving Machinery (HEMM) in the mining sector.\u00a0<\/li>\n<li>This includes incentives, regulatory enablers, infrastructure support, and demand-side measures.<\/li>\n<\/ul>\n<h3>High Upfront Costs a Major Barrier<\/h3>\n<ul>\n<li>Despite lower lifecycle costs for Battery Electric Vehicles (BEVs) and hybrids, high initial capital remains a deterrent.\u00a0<\/li>\n<li>The report suggests capital subsidies, premium rebates, and relaxed payment terms to encourage early adoption.<\/li>\n<\/ul>\n<h3>Infrastructure &amp; Financing Support Critical<\/h3>\n<ul>\n<li>Recommendations include power subsidies for charging stations, reduced financing costs, and operational incentives to boost early deployment of green HEMMs.<\/li>\n<\/ul>\n<h3>Policy Roadmap: Short, Medium &amp; Long Term<\/h3>\n<ul>\n<li><strong>Short-Term (0\u20132 years):<\/strong>\u00a0Pilot BEV-based HEMMs, upfront subsidies, operational cost cuts, and safety standards.<\/li>\n<li><strong>Medium-Term (2\u20135 years):<\/strong>\u00a0Mandate zero-emission HEMMs in new fields, introduce tax benefits, PLI schemes, and skill development programs.<\/li>\n<li><strong>Long-Term (Beyond 5 years):<\/strong>\u00a0Structural shift through mandates, green bonds, R&amp;D investment, battery recycling, and innovation ecosystems.<\/li>\n<\/ul>\n<h3>Environmental Imperative<\/h3>\n<ul>\n<li>With rising deployment of HEMMs expected by 2035, associated fuel consumption and CO\u2082 emissions will increase.\u00a0<\/li>\n<li>Transitioning to electric, hybrid, and hydrogen-powered machines is vital to align mining growth with India\u2019s net-zero goals.<\/li>\n<\/ul>\n<h3>Challenges in Adoption<\/h3>\n<ul>\n<li>Adoption is hindered by high costs, lack of charging\/refueling infrastructure, limited availability of technology models, and policy gaps.\u00a0<\/li>\n<li>Cleaner fuel solutions must be supported by robust infrastructure and financial mechanisms.<\/li>\n<\/ul>\n<h2>Green Mining Vehicles in India FAQs<\/h2>\n<p><strong>Q1.<\/strong>\u00a0What does the FIMI-Deloitte study recommend?<\/p>\n<p><strong>Ans.<\/strong>\u00a0It urges targeted policies to promote alternate fuel-based HEMMs in the mining sector.<\/p>\n<p><strong>Q2.<\/strong>\u00a0Why are green HEMMs not widely adopted yet?<\/p>\n<p><strong>Ans.<\/strong>\u00a0High upfront costs and lack of charging\/refueling infrastructure hinder adoption.<\/p>\n<p><strong>Q3.<\/strong>\u00a0What support mechanisms are proposed?<\/p>\n<p><strong>Ans.<\/strong>\u00a0Capital subsidies, premium rebates, power subsidies, and low-interest financing are recommended.<\/p>\n<p><strong>Q4.<\/strong>\u00a0What is the Surjagarh Mine\u2019s role in green mining?<\/p>\n<p><strong>Ans.<\/strong>\u00a0It\u2019s India\u2019s first green mine, with electric fleets and decarbonized operations.<\/p>\n<p><strong>Q5.<\/strong>\u00a0What is the projected market growth for mining equipment?<\/p>\n<p><strong>Ans.<\/strong>\u00a0India&#8217;s mining equipment market is set to grow from $6.4B (2024) to $11.34B by 2033.<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/www.thehindu.com\/business\/targeted-policy-interventions-must-to-push-green-fuel-vehicles-in-mining-study\/article69679337.ece#:~:text=The%20medium%20term%20(2%E2%80%935,and%20other%20fuel%20technologies%20in\" target=\"_blank\" rel=\"nofollow noopener\">TH<\/a>\u00a0|\u00a0<a href=\"https:\/\/economictimes.indiatimes.com\/industry\/indl-goods\/svs\/metals-mining\/lloyds-surjagarh-mine-set-to-be-the-first-green-mine-of-india\/articleshow\/121675849.cms?from=mdr\" target=\"_blank\" rel=\"nofollow noopener\">ET<\/a>\u00a0|\u00a0<a href=\"https:\/\/www.pib.gov.in\/PressReleasePage.aspx?PRID=2035250\" target=\"_blank\" rel=\"nofollow noopener\">PIB<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FIMI-Deloitte study urges strong policies, incentives, and infrastructure to promote green fuel HEMMs in India\u2019s mining industry.<\/p>\n","protected":false},"author":8,"featured_media":49744,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[787,60,22,59],"class_list":{"0":"post-49732","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-mains-current-affairs","8":"tag-green-mining-vehicles-in-india","9":"tag-mains-articles","10":"tag-upsc-current-affairs","11":"tag-upsc-mains-current-affairs","12":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/49732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=49732"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/49732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/49744"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=49732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=49732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=49732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}