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Mineweb reported that India is taking the right steps to boost its domestic coal industry, though it may not see immediate results.
Mineweb reported that India is taking the right steps to boost its domestic coal industry, though it may not see immediate results.
As quoted in the market news:
The new government of Prime Minister Narendra Modi has shown some determination to reform India’s vast coal sector, starting with making Coal India more efficient.
The government raised about $3.6 billion by selling a 10 percent stake in Coal India last month, part of its plan to raise $10 billion by selling assets.
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