India seeks increased coal imports from Russia

19 Jun 2023 CW Team

Officials have revealed that India is seeking to increase its purchases of coal from Russia, potentially making it the second largest imported commodity from the resource-rich country, following crude oil. Faggan Singh Kulaste, the Union Minister of State for Steel and Rural Development, held discussions with Sergey Tsivilyov, the Governor of Kuzbass, during the St Petersburg International Economic Forum (SPIEF), focusing on strengthening bilateral cooperation in the coal sector.

Kuzbass is renowned as Russia's foremost coal-producing region, with its economy heavily reliant on the export of raw materials, particularly coal and metals.

According to informed sources, imports of coking coal from Russia are expected to double this year, surpassing the 54 million tonnes imported in 2022-23. This surge can be attributed to lower prices, faster deliveries, and Indian companies' strategic decision to diversify their coal sources.

Representing India at the ongoing SPIEF 2023, Minister Kulaste highlighted key aspects of India's energy policy during a panel discussion on "Energy Challenges & Opportunities for the 21st Century.

Infrastructure Transport

20 Jun 2025

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..

Infrastructure Urban

20 Jun 2025

INDEA Lays Foundation for India鈥檚 First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..

Infrastructure Transport

20 Jun 2025

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..