NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2007/01/10 - Indian coal industry, despite being a sector with immense possibilities, has failed to make a significant mark on the global stage.
At 253 Billion Tons, India has the one of the richest coal reserves in the world. Therefore, the country should have shown significant progress and should have gained the position of a major energy supplier for the world. However, the scenario is quite different today. The coal production of the country is short and the import figures are scaling with each passing year.
The principal reason for the poor performance of this sector has been stringent government control over coal production. After operating liberally, the sector was nationalized in 1973 with the passing of the Coal Mines (Nationalisation)) Act. The motive was to bring the most necessary commodity, coal, under a central regulation so that large coal-consuming industries, like cement, power and steel, could be supplied coal at reasonable rates. But, this act is proving a blockage in the way to save the country from its 'shortage' status.
Coal production, currently, is controlled by the PSU, Coal India (CIL). The coal produced by PSU was around 380 Million Tons. The previous production record of the PSU points that without the involvement of other parties, the demand-supply gap would only widen and reliance on imports would rise.
According to a Research Analyst at RNCOS, who has recently researched a report called "Indian Coal Industry: Opportunities for Growth (2006)" the Nationalisation Act needs to be revised to open the doors of coal mining sector to private players from domestic and foreign lands.
The research report also focus on the facts and issues that are critical for your success:
- Insight into trends in market performance
- Growth sectors and factors driving change
- Private Players in the Coal Sectors in India
- Emerging technologies in the coal Mining Industries
- Market leaders
- Competitive environment in the Coal Industry
- Key Challenges and Strategies
- Opportunities in the Indian Coal Industry
The market research report provides extensive research and rational analysis on the Coal Sector in India and helps clients to understand the market potentials.
RNCOS, incorporated in the year 2002, is an industry research firm. We have a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.