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India wants to increase coal supplies from the Far East
Russia may increase coal exports to India from 4,5 to 28 million tons per year due to the Far East. This was stated by Deputy Head of the Ministry of Eastern Development Sergei Tyrtsev during a meeting with representatives of the Indian business mission.
According to the Far East Investment Promotion and Export Support Agency, India needs up to 70 million tons of coking coal per year. Tata Steal has already announced its intention to increase supplies from the Far East; it is interested in implementing joint projects for mining.
Some Russian companies have already sent test samples of coal to potential Indian partners. Preliminary analysis suggests that it can be used in the metallurgical process. In case of a positive conclusion, the vessels will send test lots, and at the next stage, agreements on long-term coal supplies will be signed.
According to experts, a six-fold increase in supplies can be achieved by the 2025 year. In Vladivostok, during the thematic session, the parties discussed the possibility of implementing specific projects.