May 15, 2026
Headlines

Import Substitution

India Approves $3.9 Billion Coal Gasification Scheme to Curb Fuel Import Reliance

India Approves $3.9 Billion Coal Gasification Scheme to Curb Fuel Import Reliance

Business News Desk03 mins mins

Strategic Shift in Energy Policy The Indian Union Cabinet, led by Prime Minister Narendra Modi, officially approved a ₹37,500 crore ($3.9 billion) financial incentive scheme this week to accelerate the domestic production of syngas through coal gasification. This initiative, centered in key coal-rich industrial hubs across the country, aims to significantly reduce India’s heavy reliance…

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Vedanta's Anil Agarwal Proposes Mining Reforms to Reduce India's Import Reliance

Vedanta’s Anil Agarwal Proposes Mining Reforms to Reduce India’s Import Reliance

Business News Desk03 mins mins

Mining Reforms as a Path to Economic Resilience Vedanta Chairman Anil Agarwal on Tuesday publicly supported Prime Minister Narendra Modi’s recent appeal to conserve foreign exchange, advocating for aggressive mining reforms to boost domestic production of oil, gold, and critical minerals. In a post on X, Agarwal emphasized that India’s heavy reliance on imported resources—which…

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