The shortage of coal will continue in India in near future. Ernst & Young (E&Y) has prepared a plan on proper supply of coal in the domestic market. It has recommended increase in the domestic coal production and contract mining to tame the shortage. It has also stressed the need of inclusion of private sector in the mining process along with foreign direct investment.
The report is released by Power Minister Sushilkumar Shinde at the India Coal Summit 2008 under the title ‘Coal — unearthing its potential in India’. The report has forecasted increase in domestic production by 680 million tonnes by 2012. The demand for fuel will increase in the near future to 10 percent. The report has pointed out that the demand would be balanced through import of fuel by 2012
CIL chairman and managing director Partha Bhattacharya said the demand for coal is increasing in the market. The company would import 4 million tonnes (MT) of coal besides increasing the production capacity.
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