India’s red carpet for foreign coal investors may lift output, but risks remain

摘要

Singapore—India’s move to open its coal sector could attract global mining majors and help boost domestic output, with analysts believing peak demand is still years away in a country where coal contributes more than half the energy needs. However, some concerns around coal quality and regulatory hurdles remain. New Delhi’s decision to allow 100 percent foreign direct investment in coal mining will not only help bring more competition in a sector dominated by the government for decades, it could potentially save billions of dollars in foreign exchange outflows amid the country’s dependence on imports, analysts and senior officials told S&P Global Platts.