Indian coal production predicted to surge at 7% CAGR from 2011 to 2014, reaching about 641 million tonnes; industry challenges include environmental pollution, rising prices
December 23, 2011
– According to the latest research report by RNCOS, “Indian Coal Industry Forecast to 2013”, the coal resource potentiality of the country is leading the market set to witness a major boost in near future on the back of rising government initiatives.
India, with its vast coal reserves is one of the largest coal producing countries across the globe. The power sector itself accounts for over 7% of the total coal demand in India and is likely to remain a key energy source for at least the next 30-40 years.
Taking into consideration the availability of huge untapped coal resource, coal production in the country is anticipated to surge at a CAGR of around 7% during 2011-12 to 2013-14 to reach about 641 Million Metric Tons by the end of the forecast period. Sustained program of investment, greater thrust on application of modern technologies, and government initiatives are facilitating the rapid momentum of foreign investment joint ventures that are fuelling the growth of coal production in India.
The Indian coal industry will witness growth in near future on the back of rising government initiatives. Other factors like increasing focus on clean technology, rising domestic demand, and Mergers and Acquisitions will support the growth of coal industry in India. However, there still exist several challenges that the sector must overcome to sustain its growth pattern like issues of environment pollution and rising prices that might affect the demand. It is therefore, imperative for the coal industry to go for a speedy implementation of the latest technologies to increase production efficiency.
Our report, “Indian Coal Industry Forecast to 2013”, provides detailed information on key players of the industry that offers an insight of market and growth prospects. Besides, it provides intensive analysis about the current trends and future growth potential of the industry. Additionally, it also presents industry forecast based on correlation of past drivers, challenges, and opportunities for expansion. In this way, the report provides a comprehensive and coherent analysis of the Indian Coal Industry that will certainly prove decisive for clients.