OCTOBER 20238TOP STORIESINDIA SHIPPED 1.16MT OF COAL TO NEIGHBOURING COUNTIRIES IN FY23The coal ministry said that in 20222023, India exported 1.163 million tonnes of coal to its neighbours, including Nepal, Bangladesh, and Bhutan.According to the most recent Provisional Coal Statistics for FY23, 0.833 MT of the coal was primarily shipped to Nepal, with the remaining 0.245 MT going to Bangladesh, 0.053 MT to Bhutan, and 0.032 MT going to other countries."Although, there was short supply of coal in India compared to its demand and it had to resort to import of coal, India exported some quantity of coal to its neighbouring countries during 2022-23".Coal is India's principal source of commercial energy, making up half of our energy consumption. Due to its dependability when compared to other renewable energy sources, coal continues to be the most popular fuel for power generation. VEDANTA INVITES JAPANESE COMPANIES TO PARTNER IN INDIA'S ELECTRONICS MANUFACTURING REVOLUTIONThe state government of Gujarat, in a strategic move aimed at fostering collaboration and investment prospects between Japan and India, invited Vedanta to the roadshow targeting Japan's major electronics players, ahead of the 10th Vibrant Gujarat Global Summit. Vedanta, a global natural resources and technology conglomerate, highlighted the tremendous investment opportunities in India, especially in Gujarat, and urged Japanese companies to partner in India's electronics manufacturing revolution.Akarsh K. Hebbar, Global Managing Director of Vedanta's Semiconductor and Display business, addressed a gathering of Japanese industry leaders at the Embassy of India in Tokyo and Osaka over the two-day roadshow. He underscored the investor-friendly climate in India, particularly in Gujarat, emphasizing the nation's commitment to providing Japanese companies with exceptional opportunities to engage in India's flourishing electronics manufacturing industry. He complimented the Government of Gujarat for their policy stability, good governance, excellent infrastructure facilities, and hand-holding for ease of doing business at every step by the State's proactive and efficient team.Talking about the huge opportunities in the country, Akarsh Hebbar said, "The demand for electronics in India is fuelled by the Indian government's initiatives such as Make in India, Digital India, and 100 Smart Cities Mission, which aim to promote local manufacturing, digitalization, and technological advancement across various sectors. Additionally, the growing penetration of the Internet and increasing adoption of e-commerce have further boosted demand for electronics. With a population of more than 1.4 billion, India presents a huge market opportunity for global electronics companies".
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