India invests 375 billion rupees to promote coal-to-syngas conversion

Golden Ten Data reported on May 13 that India has launched a plan worth 375 billion rupees (about $3.9 billion) to promote the industrial transformation of coal into syngas, aiming to reduce import dependence and enhance foreign exchange reserves. India’s Minister of Information and Broadcasting, Ashwini Vaishnaw, stated at a cabinet briefing on Wednesday: "India possesses extremely abundant coal reserves, sufficient for 200 years. We hope to use this coal to produce natural gas." According to the plan, the government will cover 20% of the costs for plants and equipment and assist in linking coal reserves with future projects. Vaishnaw said the incentive measures are expected to attract about 3 trillion rupees in investment and will help convert 75 million tonnes of coal into coal gas.