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Why is India pushing for coal gasification? | Explained – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

Why is India pushing for coal gasification? | Explained

Why is India pushing for coal gasification? | Explained

Before the ₹37,500-crore package was announced this year, the government had approved an ₹ 8,500-crore package in January 2024. File
| Photo Credit: Reuters

The story so far:

In a roadshow promoting surface coal gasification, Union Coal and Mines Minister G. Kishan Reddy said the technology, which can also yield a range of downstream products, has the potential to substitute imports worth up to ₹3 lakh crore. To encourage coal gasification, the Union Cabinet approved a ₹37,500-crore incentive package.

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