Sunday, June 28, 2009

That is undoubtedly a figure too compelling to ignore.

2,300 IIPM students get jobs

It is an irony that a country clocking 8-9% GDP growth rates in the last 5-6 years has 20% of its villages and nearly 300 million denizens without access to power. The yawning gap existing in the power demand supply graph can be blamed to a large extent on the lack of synchronisation between the development of coal mines and power generation plants to which they are linked. This can be easily achieved if coal users having long term contracts are mandated to enter into arrangements in which the quantity and quality of coal supply is specified with firm supply commitments binding all parties.

Coal-based power plants are by far the largest emitter of green house gas emissions. But the searing debate about economic growth vs environment protection has more takers for the first option in the Indian context because of the number of jobs that can be generated. According to Solanki, “Currently the total manpower employed in Coal India stands at 4.1 lakh, so the overall industry might have five lakh employees. The reforms, if implemented, have the potential to generate an equal amount of (extra) jobs in the next 5-6 years.” That is undoubtedly a figure too compelling to ignore.

As a whole, this "Kala Patthar" has the potential to lighten the lives of millions of Indians living in conditions much darker than the very mines that contain this treasure. Some far-sighted and concrete measures on the part of policy makers can end the litany of woes for this fledgling sector and also pave the way for powering up the darkest corners of the nation.


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Source :
IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and
Arindam Chaudhuri (Renowned Management Guru and Economist).
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