New Delhi, 04 November 2022

As per news report of AIR, on the occasion, Mrs. Sitharaman said that a fast-growing economy like India needs greater investment in coal production and gasification projects. Globally, energy prices, especially gas, are going up. The Finance Minister highlighted that India is at present the best investment destination in the world. She pointed out that due to policy consistency and transparent process of the present Government, coal imports for the power sector has come down by 41 percent.  Mrs. Sitharaman said that mining sector reforms are providing the right fillip to the country's fast-growing economy. Addressing the gathering Mr. Joshi said that his Ministry is exploring alternative methodologies for enhanced use of coal. He said that the finance ministry has extended six thousand crore rupees incentive for coal gasification and two hundred fifty crore rupees for exploration.

Source -AIR

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