June 25, 2021 - 3:30 pm
June 25, 2021 - 5:00 pm
Topic: Adaptive State Capitalism in India’s Coal Industry: Implications for the Indian Model of State Capitalism
Speaker: Rohit Chandra is Assistant Professor at IIT-Delhi’s School of Public Policy and Visiting Fellow, Centre for Policy Research. He has studied India’s coal and power sectors for the last decade, and is currently working on issues of state capitalism, infrastructure finance, energy policy and just transitions.
Abstract: Since the early 1990s, the Indian coal industry generally and Coal India Ltd. (CIL) specifically have evolved considerably. Whether it is finances, federal politics, labour politics, or technologically, CIL has undergone multiple internal transformations as an organisation, adapting to major changes in its external environment. These days, much of the conversation around public sector units (PSUs) tends to focus on asset monetisation, stake sales and the negative consequences of their underperformance. While it is certainly true that many Indian PSUs have become problematic liabilities for the Government of India, it is also true that in certain sectors (energy, power, heavy engineering etc.) these companies have also been an essential part of Indian industrial policy and developmentalism. Using the example of India’s coal industry, this talk will to characterize some of the recent trends in Indian state capitalism and what implications this may have for the future of Indian PSUs.Link for join this event: https://bit.ly/3vng6q4