Coal gas to help reduce import bill by $10 bn in 5 years
The Dollar Business Bureau The government can encourage the use of domestic coal gas to produce urea and other chemicals in order to cut down on its imports bill by as much as $10 billion over the next five years. Coal Secretary Susheel Kumar said the imports of petroleum and natural gas can be slashed if we are able to produce gas from coal. "If we are able to replace this import by indigenous coal gasification ... it can safely be said that in next five years time, about $10 billion worth of import can be substituted. That's the mechanics which one has to really work on," Kumar told PTI in an interview. "Our dependence on petroleum and natural gas will be reduced ... We know that coal ...
India over-dependent on China for APIs import: NSA
The Dollar Business Bureau India’s growing imports of Active Pharmaceutical Ingredients (APIs) from its neighbour China has become a cause of concern, which even prompted the National Security Advisor (NSA) to warn the government for majorly depending on China for sourcing APIs and essential drugs, the Parliament was informed on Friday. In 2015-16, India’s imports of APIs from China amounting to Rs.13,853.20 crore, or 65.29 percent of the overall imports of API of Rs.21,216.91 crore, said Mansukh L Mandaviya, Minister of State for Chemicals and Fertilisers, in response to a question in Rajya Sabha. India’s imports from its neighbouring country stood at Rs.12,757.96 crore in the fiscal of 2014-15 and Rs.12,061.53 crore in the year earlier, he added. “Economic considerations are the primary reasons for imports,” the minister said. On the question, ...
