Kolkata, May 16 (ANI): Power Minister Piyush Goyal has said that the state-owned miner Coal India Limited (CIL) will invest $20 billion to boost production to one billion tonne over the next five years. The money would be spent in technology, equipment and upgradation of the existing facilities. The increase in production will be from the existing and new mines. Addressing people, Goyal said that the target set was achievable by CIL. The money for investment had been arrived at following a detailed mine-by-mine plan that CIL had come out with. Goyal said that in the first 43 days of the current fiscal, there had been 11.1 percent rise in the production. The central government also supports the plan. Goyal also said that India would reduce the imports of thermal coking coal and in two-years’ time, it will be stopped but imports of high-calorific coal will continue.
