Coal gasification may save India ₹1.5 lakh crore in forex
In short
India’s proposed coal gasification projects could save about ₹1.5 lakh crore in foreign exchange over the next 5 to 7 years.
The projects are also expected to help make industrial inputs in India, create jobs, and support supply chains in coal-producing regions.
What the reporting says
The projects are expected to support domestic production of industrial inputs, create jobs and strengthen supply chains in coal-producing regions across the country.
Why it matters
India’s planned coal gasification projects are being positioned as a way to cut imports and reduce foreign exchange outgo by about ₹1.5 lakh crore over 5 to 7 years. The reported benefits include domestic production of industrial inputs, job creation and stronger supply chains in coal-producing regions.