Coal and allied industries in India would need investment of over Rs 10 lakh crore to achieve the coal production target of 1.5 billion tonne by 2019-20, according to a report by consulting firm PwC and industry body Indian Chamber of Commerce. <\/p>\n
The report said addition of 700 million tonne of coal production capacity by that year would require an investment of Rs 13,000-15,000 crore on coal mines itself. <\/p>\n
The demand assessment for the power sector estimates a capacity addition of around 44,000 MW by FY20. To attain this capacity, an investment of Rs 250,000-300,000 crore will be required in the power sector, it said. <\/p>\n
The steel sector woud require an investment of Rs 300,000-350,000 crore for a capacity addition of around 63 million tonne by FY20, while the cement sector would need Rs 120,000-160,000 crore to add 200 million tonne of capacity, it said. <\/p>\n
Besides, the study expects a requirement of Rs 150,000-200,000 crore for meeting the augmented capacities of other sectors. <\/p>\n
It said a competitive and investor-friendly framework should be put in place to incentivise private and international participation in the coal sector. <\/p>\n
“Globally, there have been examples wherein increasing private sector participation has helped the cause. The key to this is to develop a framework that ensures appropriate risk allocation and recovery of investments,” it said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Coal and allied industries in India would need investment of over Rs 10 lakh crore to achieve the coal production target of 1.5 billion tonne by 2019-20, according to a report by consulting firm PwC and industry body Indian Chamber of Commerce. The report said addition of 700 million tonne of coal production capacity by that year would require an investment of Rs 13,000-15,000 crore on coal mines itself. The demand assessment for the power sector estimates a capacity addition of around 44,000 MW by FY20. To attain this capacity, an investment of Rs 250,000-300,000 crore will be required in […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[131],"tags":[],"class_list":["post-73304","post","type-post","status-publish","format-standard","hentry","category-coal"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/73304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=73304"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/73304\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=73304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=73304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=73304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}