coal imports has been declining over the last three years. During 2014-15 India imported 217.78 million tonnes of coal which declined to 203.95 million tonnes in 2015-16 and further to 190.95 million tonnes in 2016-17.
The trend of fall in import of coal continued unabated in 2017-18 and during April-June 2017-18, 52.74 million tonnes of coal was imported against 57.38 million tonnes in the corresponding previous period registering a 8.1% fall, Union Minister Piyush Goyal said citing figures of the Directorate General of Commercial Intelligence & Statistics.
The Minister said that the Government is fast opening up the coal sector to competition in near future and private miners would be coming into the sector to bring in competition. He also said that we are working towards bring linearity in pricing of coal between lower and higher grades.
Encouraging stakeholders of power and sectors to work on a Mission Mode to serve the masses and make India self reliant in coal reserves, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal said on Wednesday that the “Difference between the Possible and Impossible lies in a Man’s determination.”