Indian coal industry will soon be deregulated, thereby encouraging private investment & solving the problem of coal production in the country.
'Deregulating the coal industry may help solve the problem of coal production, which has not been keeping pace with the growing demands of energy in India. It will also help invite private investment in this sector, as per Harsh Gupta, president of Indian Coal Industry Association – a non-governmental entity dealing with Indian coal industry in a statement that Monstersandcritics published on 10 January 2007.
Available in abundance, coal makes the safest, and inexpensive fuel for power generation. Therefore, most countries use it as a primary source to meet their energy needs.
India – the major producer of coal - is heavily dependent upon coal for powering the country. However with the rapid growth in the economy of the 2nd most populated country in the world, after China, its energy demands have also sky rocketed there by, straining the coal reserves.
The govt.’s move for deregulating the industry was supported by the private majors in power generation industry of the country like Tata Power, Essar, and Coal India Ltd. They expressed enthusiasm that this move from the government will help in providing their plants with sustainable supplies of coal.
RNCOS report on “Indian Coal Industry: Opportunities for Growth (2006)” provides extensive research and objective analysis of the Coal Industry in India. This report helps clients in analyzing the opportunities critical to the growth of the Coal Industry in India. Also, it includes the exclusive forecasts about the coal industry in India, thereby enabling clients to design their market strategies accordingly.
As per the report, post deregulation, there will be significant investments opportunities for both foreign investors and private players in Indian coal sector. Since, inferior-quality-coal reserves and lower productivity are still the biggest challenges before the Indian coal industry.
About the Report
RNCOS’ market research reports on “Indian Coal Industry: Opportunities for Growth (2006)”, also addresses some interesting issues for today’s global business environment. For example, the emerging trends in the coal sector in India, private players in this sector, and details about investment activities undertaken by the key players in India.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.