Summary:
India has reached a remarkable milestone by surpassing one billion tonnes of coal production in the fiscal year 2023-24 (FY24), underscoring its dedication to energy security and self-sufficiency. The country produced a total of 997.83 million tonnes of coal during this period, representing a significant stride in reducing its reliance on imports and bolstering its domestic energy supply. Prime Minister Narendra Modi commended this achievement, calling it a proud moment for the nation and recognizing the contributions of those in the coal sector. As the world's fifth-largest economy, India continues to depend heavily on coal as a primary energy source for electricity generation and industrial applications.
Looking ahead, the Ministry of Coal has set a bold production target of 1,080 million tonnes for FY25. This objective aligns with India's vision of sustainable mining and robust economic growth. Union Minister of Coal and Mines, G. Kishan Reddy, emphasized that this accomplishment highlights the nation’s commitment to adopting modern mining technologies and enhancing operational efficiency. With proactive policy measures, increased infrastructure investments and the implementation of advanced mining techniques, India is well-positioned to further increase its coal production. These efforts will ensure a stable energy supply to meet the demands of its expanding industrial and economic landscape.
Source: IBEF
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