Government open to provide incentives to foreign Cos looking to invest in India’s coal gasification landscape: G. Kishan Reddy

Government would be looking to incentivise foreign entities who would come and invest in the country’s coal gasification landscape, Union Minister for Coal and Mines G. Kishan Reddy said Wednesday (April 1, 2026).

India’s coal ministry is seeking to expedite a push for coal gasification as an alternative to traditional method of mining, tapping into deep-seated reserves of coal and reducing dependence on imports of natural gas.

“We would be providing [financial] incentives to companies looking to come and invest in India based on their investment, not [just restrictive to] procuring technologies from outside,” he stated in response to a query from The Hindu, adding, “Foreign companies should come to India. The country would be a big avenue for pursuing coal gasification for them.”

He added the Coal Ministry is speaking to several other ministries to finalise the incentive packages.

Mr. Reddy told reporters that India would be looking at both technology providers and investors for coal gasification.

“Coal gasification, be it underground or surface, has a lot of scope for investment. Even foreign companies too will find avenues [to invest],” he said.  

‘Monitoring prices of coal continuously’

Addressing queries about increase in prices of auctioned coal amidst the escalating tensions in West Asia, the Union Minister held prices have been under check with the ministry continuously monitoring the situation.

“We [the government] is continuously monitoring the prices, both me and the secretary have written to states seeking that prices are kept under check,” he said.