Coal India can tie-up with private sector: Rangarajan
“Coal India can use the private sector as an agency to mine coal and then buy it at agreed prices to boost production as a temporary measure,” Rangarajan said in a speech here.
One of the reasons for high current account deficit (CAD) was huge imports of coal by the power utilities, he said at a function here.
“Going by trends, coal production was now increasing and would have a sobering influence on CAD,” Rangarajan said adding this will also be helped by less rise in oil prices and decline in gold imports.
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