Coal minister Pralhad Joshi on Wednesday said his ministry was not in favour of overseas coal asset "acquisition" by Coal India Limited (CIL).
The minister said last year India imported 235 million tonne of coal and the forex outflow was Rs 2.71 lakh crore.
"As of now the thinking is, not to acquire assets and only to freeze the order in advance to get coal at a competitive price," Joshi told PTI on the sidelines of the 8th Asian Mining Congress and exhibition here.
He said our intention and goal is clear, "we want domestic coal production."