NEW DELHI: The annual development charge of India’s coal imports has slowed to only 2.49% prior to now decade by means of fiscal 2024 because the nation strikes in direction of self-reliance in power safety, the federal government mentioned on Friday. The compound annual development charge (CAGR) of coal imports from 2004-05 to 2013-14 was as excessive as 21.48%. Nonetheless, the compound annual development charge Coal import From 2014-15 to 2023-24, the ratio was solely 2.49 per cent, the coal ministry mentioned in an announcement.
“Moreover, the share of imported coal grew at a CAGR of 13.94% between fiscal 12 months 2004-05 and financial 12 months 2013-14, whereas prior to now decade, this determine plummeted to round -2.29%,” the report mentioned.
The assertion mentioned that India’s strategic focus is on optimizing native coal assets and using revolutionary technological options to proceed on the trail of nationwide power safety and self-reliance.
India has the fifth largest coal reserves on the planet and is the second largest coal shopper. dry fuelit added.
