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Business News/ Opinion / Quick Edit/  Soot in the face
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Soot in the face

The coal sector needs urgent reform, from Coal India’s privatization to transparent allocations of mines

The latest data on coal imports shows how the inability to develop domestic energy sources is making India more dependent on imports. Photo: Noah Seelam/AFP (Noah Seelam/AFP)Premium
The latest data on coal imports shows how the inability to develop domestic energy sources is making India more dependent on imports. Photo: Noah Seelam/AFP (Noah Seelam/AFP)

The latest data on coal imports shows how the inability to develop domestic energy sources is making India more dependent on imports. Coal imports rose by a third to touch 135 million tonnes in the fiscal year ended March, according to a report by Reuters. Coal imports increased fivefold in the past 10 years.

The inability of local producers to increase output has pushed up imports. The stagnation in domestic coal production is linked to the inefficiency of Coal India, the public sector behemoth. And the recent controversies show that allocation of coal mines to private companies has been messed up.

The Indian coal sector needs urgent reform, from the privatization of Coal India to transparent allocations of mines to private sector companies.

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Published: 09 May 2013, 11:36 PM IST
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