Reasons to Invest in India
- Coal Ministry Aims to Enhance Coal Production to 1. 23 BT by 2024-25.
- Coal production from captive mines is expected to touch 140 MT in 2022.
- India has large reserves of Iron ore, Bauxite, Chromium, Manganese ore, Baryte, Rare earth and Mineral salts.
- India has vast mineral potential with mining leases granted for the longer and stable tenure of 50 years.
- Consumption of steel has increased in the rural India from 19 Kg in 2019-20 to 21.5 kg per capita for the year 2020-21. Government of India (GOI) aims to increase the awareness and consumption of steel in rural areas.
- The vision of National Steel Policy 2017 is to increase steel production capacity in India to 300 MT by 2030-31, per capita steel consumption to 160 KG, reduce greenhouse gas emissions, many targets have been set.
- GOI has set a target outlay of more than 111 Lakh Crores in National Infrastructure Pipeline (NIP) by 2024-25, which will increase the demand for steel as well as reduce the cost of production of steel. The slurry pipeline will have an outlay of more than 25,000 crores. The process involved in installation of slurry pipeline has
- First Mile Connectivity (FMC) is a major initiative by coal companies to minimise environmental pollution, where coal is being transported through conveyor belt from Coal Handling Plants to Silo for loading. The process eliminates movement of coal through road. 39 such projects have been planned to be commissioned by 2023-24 with an investment of over INR 13000 crores.
- Coal India Ltd. (CIL) is constructing 21 additional railway sidings at an estimated investment of INR 3,370 crores across four of its subsidiaries which include both greenfield and brownfield ones to be commissioned by FY24. CIL aims to move about 555 MT of coal per year through mechanised means by FY24.
- GOI aims to achieve a target of 300 MT of Steel capacity by the year 2030.
- GOI has launched Coking Coal Mission to meet the demand of domestic coking coal as projected by the Ministry of Steel and has set target of 140 MT for raw coking Coal production by 2030.
- GOI has launched coal gasification mission with a target to gasify 100 MT by 2030. Under this mission, Surface Coal/Lignite Gasification projects are being constructed.
been simplified.
