Coal imports will decline in 2016-17: Goyal

Coal imports will decline in 2016-17: Goyal

India’s coal imports have witnessed a decline of five per cent in the first two months of the present financial year, Power and Coal Minister Piyush Goyal told Rajya Sabha on Monday.

“The trend of fall in import of coal has continued in 2016-17 wherein for the period April-May 2016-17, coal imports have reduced by around 5 per cent as compared to the corresponding period of the previous year.

On account of increased production by Coal India Ltd (CIL), which produces around 80 per cent of coal in the country, the import of fossil fuel has fallen from 217.78 million tonnes in 2014-15 to 199.88 million tonnes in 2015-16. Coal India has envisaged to produce one billion tonne of coal in 2019-20 from the level of production of 538.75 million tonnes in 2015-16.

“Import of coal is projected for the year 2016-17 by Niti Aayog is 160.16 million tonnes,” Power and Coal Minister Piyush Goyal informed Rajya Sabha.

CIL has undertaken a mix of strategies for narrowing the domestic demand-supply gap that address short to medium-term imperatives and also technological and human resource related issues, the minister said.

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