Date: |
04-07-2015
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Subject: |
Rise in coal production can reduce India’s import bill
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Increase in domestic production and sharp fall in global prices can help India to reduce its coal import bill this year.
In June, the country imported 20.18 million tonnes of coal, almost equal to the shipment quantity of the same month last year, a report said citing a data collected by a private agency.
During the last fiscal, the import of coal including coke and briquettes was worth $17.47 billion, which was 6.5% more than $16.47 billion imported a year ago, according to the government data.
Source:- thedollarbusiness.com