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July 29, 2024 3:36 PM

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India’s coal production surges by 11.65% in FY2023-24

In 2023-24, India’s coal production surged by 11.65 percent, underscoring the government’s dedication to achieving self-reliance. The Ministry of Coal is leading a transformative initiative to reduce coal imports and boost coal exports, marking a pivotal shift in India’s energy landscape. This strategic plan is designed to enhance domestic coal production, bolster energy security, and stimulate growth in the coal sector. For 2024-25, the production target has been set at 1,080 million tonnes.

 

To streamline the reduction of coal imports, an Inter-Ministerial Committee has been established. This committee will facilitate discussions and coordinate efforts across various ministries to explore opportunities for import substitution. Increased coal production and exports will drive economic growth, and create jobs.