As India opens up coal sector, global cos cool on investing

India’s plans to attract badly needed foreign investment and technology to its coal sector are getting a cool response from some miners and trading houses, even though the country is one of the few bright spots for global coal demand. Prime Minister Narendra Modi passed an order in December to allow private firms to mine and sell coal for the first time in more than 42 years. But even with India on track to overtake the United States as the second-largest coal consumer after China this decade, executives at Japanese trading houses and some of the biggest global miners said they were currently not looking to invest.

Source: http://www.moneycontrol.com/news/economy/as-india-openscoal-sector-global-cos-coolinvesting_1290515.html?utm_source=ref_article

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