Unbundling of Coal India will lead to a competitive market: Arvind Panagariya

Unbundling of Coal India will lead to a competitive market: Arvind Panagariya

Government think tank NITI Aayog’s Vice Chairman Arvind Panagariya today said unbundling of state-owned mine Coal India Ltd will have favourable impact on the sector as it will lead to a competitive market.

Addressing the media here, Panagariya said right now the sector works almost through administrative allocation.

“Yes, auctions of coal mines are done but still a large part of it is administrative allocation and that obviously has a not so good effect on price discovery. So, if we unbundle and if we allow competition, it will have a favourable impact,” he said. Read More…

 

 

Credit By: ET Energy World

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