Russia Eyes India for Coal Mining Expansion

3 Oct 2024 , 01:37 PM

Russia is looking at the tremendous possibility of extending its presence in coal mining opportunities and investing in new energy projects in India, according to Alexander Novak, the Russian Federation’s deputy prime minister.

“We also see good prospects for increasing cooperation in the coal sector in the context of the emerging shortage of high-quality metallurgical coal on the world market,” according to him.

He claimed Russian coal mining corporations have enormous resources and want to expand into the fast-growing Indian industry. He spoke at the seventh Russian Energy Week (REW) International Forum, which took place in Moscow from September 26 to 28.

“There are currently three main trends in the global energy sector: the growing demand for energy that we are seeing today and will continue in the future, technological innovations that are changing the economy and energy, as well as changes in geopolitics,” he stated during the panel discussion.

The forum attracted around 5,300 people from 81 nations, with the largest delegations coming from China, Venezuela, Iran, the United Arab Emirates, and South Africa.

Russian enterprises with a presence in India include Uralmash, Gazprom, Rosatom, Silovye Mashiny, and BrahMos Aerospace.

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