Coal gasification could save India ₹1.5 lakh crore in imports: Coal Ministry
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- ✓Coal gasification could save India Rs 1.5 lakh crore in foreign exchange over five to seven years, Coal Ministry Secretary Vikram Dev Dutt said on Thursday.
- ✓The Centre set aside Rs 46,000 crore to boost these projects.
- ✓This move aims to create jobs and cut down on expensive industrial imports.
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- BUSINESS
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- Business Line
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- India Economy
The proposed projects could enable domestic production of industrial inputs, create jobs and strengthen supply chains in coal-producing regions across India
Coal gasification projects have the potential to save India around Rs 1.5 lakh crore in foreign exchange over the next five to seven years through import substitution, Coal Ministry Secretary Vikram Dev Dutt said on Thursday.
The Centre has committed financial incentives of Rs 46,000 crore under two schemes to encourage coal gasification projects, Dutt said, addressing the 4th Conference of Mining Ministers on Reforms in the Mines and Coal Sector in South Goa.
"Mining with a conscience" should be the guiding principle for responsible miners, the official added.
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