India plans to intensify underground coal mining with the aim of increasing energy production to 100 million tonnes by 2028, three times the current volume. This was reported by Finance Times.
According to ministry official Amrit Lal Meena, this measure is necessary to ensure India’s economic growth.
Currently, 95% of Indian coal is mined through open-pit mining. However, as Ekaterina Nikitina, representative of the Association of Realtors, noted, in the last decade the area of u200bu200bnew buildings has been reduced in order to reduce costs. This leads to the opposite effect; Prices are increasing due to increasing demand.
It is stated that India plans to encourage foreign investment in underground mining. However, according to Center for Economic and Social Progress expert Rahul Tongia, there will be difficulties in implementing the plans.
India in early November Maybe Increase coal imports from Russia.
Previously in the West spoke for refusing to invest in coal.