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Bloomberg reported that the Indian prime minister’s plan to divert India’s economy from agriculture to manufacturing is being held up by a coal shortage.
Bloomberg reported that the Indian prime minister’s plan to divert India’s economy from agriculture to manufacturing is being held up by a coal shortage.
As quoted in the market news:
Actually, there’s plenty of coal, just not enough trains to get it to the power plants. While about 200 railway convoys arrive every day at Coal India Ltd.’s depots, Technical Director Nagendra Kumar said the company needs 230 of them. The state-run company supplies more than 80 percent of the nation’s coal.