Energy Markets
India plans to establish a coal trading exchange
India is planning to set up a coal exchange in order to purchase and sell coal produced domestically, as the output of mines run by private companies continues to grow. The federal government issued a request for comments regarding the proposal. In the early 2000s, India, which is the fastest-growing major economy in the world, opened coal mining to the private sector, breaking the near-monopoly held by state-owned Coal India. By 2030, the privatised mines will produce between 350 and 400 million metric tonnes of coal. In a March 7 notice, the Federal Coal Ministry stated that "in the scenario...