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Coal India under the Modi administration- problems with lack of technology and the 1 billion ton target for 2020
05/14/2015
India's coal monopoly Coal India, is state run and hugely inefficient, lacking technology that is commonly found in other countries. The average age of 333,000 employees is 45-50, and with the lack of modern technology, an eight hour shift can produce what a modern mine in the U.S. could do in 5 minutes, say experts. Coal plays a critical role for electricity production to power India's manufacturing, and its economy. The Modi administration is focussing on efficiency, introducing competition, and setting a target of about 15% growth in output for the next 5 years. Only about 75% of Indians have access to electricity, much lower than Brazil, Indonesia, Thailand, Malaysia and Vietnam. China is close to 100%.
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