Govt to invite global players for roll out of commercial coal mining auction plan by Dec


Govt to invite global players for roll out of commercial coal mining auction plan by Dec

In a bid to liberalise the coal sector, the government is planning to invite global players for the roll out of auction plan for commercial mining by December this year, Union Minister Pralhad Joshi said on Thursday.

The maiden move aimed at cutting coal exports is set to end the monopoly of domestic giant Coal India that accounts for over 80 per cent of the India’s dry-fuel output.

“Hundred per cent commercial mining is approved. By December or so we are planning to roll it out,” Coal, Mines and and Parliamentary Affairs Minister Joshi told reporters on the sidelines of the National Geoscience Award 2018.

He said that the government will invite global players for this, as 100 per cent FDI in coal will lead to more investors in coal mining operations with better technology. Read More

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