Indian Coal Industry Forecast to 2013 by Marketsmonitor.com
According to our research report Indian Coal Industry Forecast to 2013, Indian coal demand is continuously rising on the back of high demand from major coal consuming sectors like Power, Cement, and Steel.
- (1888PressRelease) November 09, 2010 - Indian coal industry is considered to be one of the largest in terms of reserve base and production level. The domestic coal industry has gained significant momentum in the past few years. The industry is mainly dominated by the government owned PSUs like Coal India Ltd, which contributes more than 80% of the overall domestic coal production. The industry has attracted various government concerns and investments in the past few years. Despite its huge resource base, India has not been able to minimize its coal deficit and still depends on imports, which are anticipated to grow in coming years.
According to our research report "Indian Coal Industry Forecast to 2013", Indian coal demand is continuously rising on the back of high demand from major coal consuming sectors like Power, Cement, and Steel. Moreover, with huge coal reserves, growing industry demand and the government support, coal production in the country is expected to grow at a CAGR of around 8% during 2010-11 to 2012-13. It is anticipated that the demand for thermal coal and coking coal by the power and steel sectors respectively, will show a tremendous momentum in near future. Apart from this, the government concern to develop CBM/CMM block in the country will further spur the demand for black material in coming years.
The Indian coal market is set to witness great boost in near future on the back of rising government initiatives. Recently, de-allocation of coal blocks and stake sales in PSU are some of the major steps that were taken by the government to boost the production and investment in the coal industry. Further, presence of vast opportunities in coal washeries is also encouraging players to invest in coal washeries.
The report provides detail information on key players of the industry, which will enable clients to understand the market share and growth prospects. Besides, it provides intensive details about the current trends prevailing in the industry and future growth potential. Additionally, the report presents industry forecast based on correlation of past drivers, challenges and opportunities for expansion. In this way, the report provides a comprehensive and coherent analysis of the Indian Coal Industry that will certainly prove decisive for clients.
For more detail visit :- http://www.marketsmonitor.com/Indian-Coal-Industry-Forecast-to-2013-Report/IM280.htm
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