SEMINAR: Technological and Financial Evolution of the Indian Coal Industry 1970 - Present
In the last forty years, India's coal industry may have remained under monopoly control of a state-owned corporation, Coal India (CIL), but it has changed drastically under the hood. On the technological side, the coal industry finally discarded British modes of underground mining and after and experimenting with various international partnerships, proceeded with a Soviet inspired approach to opencast mining which dominates even today. On the financial side, CIL needed massive loans from the World Bank to restructure internally, but as a consequence has been completely self-sufficient as a corporation today. This talk will elaborate on these developments over the last forty years, and use these developments to describe what the current characteristics of Indian state capitalism are, and how they may possibly affect India’s energy future.
Doctoral Student, Harvard Kennedy School
Rohit Chandra is currently a doctoral student at the Harvard Kennedy School, focusing on Indian energy policy and economic history. He has worked at the Centre for Policy Research in the last, and is currently contributing to Brookings India's Future of Coal project. His dissertation is a book length exploration of the economic and political history of India's coal industry from 1947 - present.