India's Cabinet Approves ₹37,500 Crore Scheme for Coal Gasification Projects
Cabinet approved Rs 37500 crore scheme to promote surface coal and lignite gasification projects
Business Standard
Image: Business Standard
The Union Cabinet of India has approved a ₹37,500 crore (approximately $4.5 billion USD) scheme to promote surface coal and lignite gasification projects. This initiative aims to gasify 75 million tonnes of coal and attract investments of up to ₹3 lakh crore (around $36 billion USD), supporting the national goal of gasifying 100 million tonnes of coal by 2030.
- 01Cabinet approved ₹37,500 crore scheme for coal and lignite gasification.
- 02The initiative aims to gasify 75 million tonnes of coal.
- 03Expected to attract investments of up to ₹3 lakh crore.
- 04Supports India's target of gasifying 100 million tonnes of coal by 2030.
- 05Led by Prime Minister Narendra Modi.
Advertisement
In-Article Ad
On Wednesday, the Union Cabinet of India approved a significant scheme worth ₹37,500 crore (approximately $4.5 billion USD) to promote surface coal and lignite gasification projects. This initiative aims to gasify 75 million tonnes of coal and is expected to attract investments totaling up to ₹3 lakh crore (around $36 billion USD). The decision, made under the leadership of Prime Minister Narendra Modi, is part of India's broader strategy to enhance its coal and lignite gasification program, aligning with the national goal of gasifying 100 million tonnes of coal by 2030. This move is expected to bolster energy production and reduce reliance on traditional coal usage, contributing to a more sustainable energy future.
Advertisement
In-Article Ad
This scheme could lead to increased job opportunities in the energy sector and potentially lower energy costs for consumers as gasification technology becomes more prevalent.
Advertisement
In-Article Ad
Reader Poll
Do you support government investment in coal gasification projects?
Connecting to poll...
Read the original article
Visit the source for the complete story.