Financial ExpressNov 12, 2021Explained: What does India’s coal shortage mean for MSMEs recovering from Covid impactEase of Doing Business for MSM Es: India had reduced the import of non-coking coal, which is used as thermal coal for power generation, during the first five months of FY22 by around 16.09 per cent as it looked to ramp up domestic production.Ease of Doing Business for MSMEs: The shortage of India’s largest source of power – Coal at the country’s thermal power plants may thwart micro, small and medium enterprises’ (MSMEs) post-pandemic recovery.Accounting for around 70 per cent of India’s source of energy, as per government estimates, the depletion of coal stocks has been due to multiple reasons, risking huge losses for small businesses particularly in power guzzling sectors such as steel, aluminium, cement, fertilizers, chemicals, and more.Read more at Financial Express
Ease of Doing Business for MSM Es: India had reduced the import of non-coking coal, which is used as thermal coal for power generation, during the first five months of FY22 by around 16.09 per cent as it looked to ramp up domestic production.Ease of Doing Business for MSMEs: The shortage of India’s largest source of power – Coal at the country’s thermal power plants may thwart micro, small and medium enterprises’ (MSMEs) post-pandemic recovery.Accounting for around 70 per cent of India’s source of energy, as per government estimates, the depletion of coal stocks has been due to multiple reasons, risking huge losses for small businesses particularly in power guzzling sectors such as steel, aluminium, cement, fertilizers, chemicals, and more.Read more at Financial Express
