ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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From 50 Years Ago: Coal, Production and Target.

Weekly Notes from Volume XIII, Nos 51 and 52, December 23, 1961. 

Coal: Production and Target The Ministry of Mines and Fuel has once again brought up the question of raising the Plan target for coal. It is now felt, after reassessment of likely demand for coal during the Plan period, that we should be planning for an output of 110 million tons in 1965-66 and not 97 million tons. Where precisely the earlier estimates have been proved to be wrong is not known except that the demand of the steel industry will ex-ceed the Plan estimate by a few million tons… In a recent communication to the Govern-ment of India the Indian Mining Association, along with other organisations of mining interests, have pointed out that the position regarding the import of essential spares and machinery required to replace obsolete equip-ment has now become “extremely acute”. In this connection, the Government’s attention is drawn to the fact that, though the World Bank has granted a loan of $35 million for the purpose of meeting the foreign exchange requirements of the private sector, it had not been possible to utilise any part of the loan owing to procedural delays. The mining interests’ memorandum also mentions various other difficulties faced by the coal industry and urges upon the Government to take immediate steps to ensure adequate trans-port facilities and power, timely supply of explo-sives, speedy issue of import licences, to neutral-ise the increases in the cost of production, and revise prices and reclassify and regrade coal… Would it be impudent to suggest that an in-ter-Ministerial meeting to discuss the current problems of the coal industry may be as much, or more, to the point as one to discuss a higher production target five years hence?

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