India’s domestic coal boom halts import growth

Mr Kaamil Fareed, General Manager for Coal & Oil Group was quoted in Reuters regarding the Indian demand growth for domestic coal production. The following is an excerpt of the Mr Kaamil’s quote.

Kaamil Fareed, general manager of trading at privately held Coal & Oil Group, one of the largest thermal coal importers, said the biggest challenge to the government’s goal was land acquisition.

“The current government over the past year has been struggling to pass the land bill,” Fareed said, adding farmers were at the heart of concerns.

Fareed was optimistic the government could meet its production target.

“India will reach 900 million tonnes in four years,” he said, referring to government production by 2019.

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