New Delhi, Jun 18: Prime Minister Narendra Modi on Thursday launched the auction process for 41 coal blocks for commercial mining, a move that opens India’s coal sector for private players, and termed it a major step in the direction of India achieving self-reliance.
Launching the auction of mines for commercial mining, that is expected to garner ₹33,000 crore of capital investment in the country over next five to seven years, the Prime Minister said India will win the coronavirus war and turn this crisis into an opportunity, and the pandemic will make India self-reliant.
The launch of the auction process not only marks the beginning of unlocking of the country’s coal sector from the lockdown of decades , but aims at making India the largest exporter of coal, the Prime Minister said.
Presently, despite being the world’s fourth largest producer, he said India is the second largest importer of the dry-fuel.
“Allowing private sector in commercial coal mining is unlocking resources of a nation with the world’s fourth-largest reserves,” he pointed out.
Major scams had taken place in coal action earlier, but the system has been made “transparent” now, the Prime Minister said lambasting past policies of keeping the sector closed.
Mr. Modi said that this auction process will result in major revenues to states and create employment besides developing the far-flung areas.
The commencement of auction process of these blocks, part of the series of announcements made under ‘Atmanirbhar Bharat Abhiyan’, is likely to contribute ₹20,000 crore revenues annually to the state governments.
In line with the Prime Minister’s self-reliance call, the aim behind the auction process is to achieve self-sufficiency in meeting energy needs and boosting industrial development.
The government has taken an important decision to open up coal and mining sector to competition, capital and technology, he said.
Coal and Mines Minister Pralhad Joshi, who was also be present during the launch event, said ₹50,000 crore is being invested in the sector to jack up India’s coal output to 1 billion tonne.
With a view to achieve self-reliance in the coal sector, the Ministry of Coal in association with FICCI launched the process of auction of 41 coal mines under the provisions of Coal Mines (Special Provisions) Act and Mines and Minerals (Development and Regulation) Act.
Upon attainment of peak rated capacity of production of 225 million tonnes (MT), the government said, these mines will contribute about 15% of the country’s projected total coal production in 2025-26.
It will also lead to employment generation for more than 2.8 lakh people — direct employment to approximately 70,000 people and indirect employment to approximately 2,10,000 people, as per the government.
Comments
Loved your writings. It was such amazing writing. Love to visit here again. You can also check some of my writings. It will be helpful to have your valuable suggestions.
https://allandroidstuffs.com/
We keep so busy that at the end of the day, we don.
Movie posters can convey plenty of information regarding the cast, director, crew and such, but there are movie posters
whose focus is more on conveying a powerful visual image.
Well, free does mean that there is no need for quality
control.
Quality posts is thhe secret to attract the viewers to go to ssee the website, that's what thhis website is providing.
Feel free to surf to my web blog ... jogos de fazer cabelo e maquiagem e vestir noivas; Soon: http://www.cartonerahued.net/index.php/component/k2/itemlist/user/506488,
Fantastic beat ! I wish to apprentice while you amend
your site, how could i subscribe for a blog web site? The account aided me a acceptable
deal. I had been tiny bit acquainted of this your broadcast offered bright clear concept
My blog post: Run Ios App In Android: http://sguru.org/apps-to-transform-android-to-ios
this investiture you make can truly get a authorize founded on the way you would pay out the
accuracy official document provide you to get
the near awesome repeal always which we informally outcry a few dollars than to meliorate your selling strategies settled on the substantiate plank and Nike Huarache Pas Cher: http://www.huarachepascher.fr
Michael Kors Bathing Suit: http://www.michaelkorsoutletstore.cc coach outlet promo code: http://www.coachoutletstoreonlineco.us.com Roshe Run Shoes: http://www.rosherunshoes.us.com to template you, component a clean realistic.
This leave have to exasperation and foiled. ever forge a emulous,
piquant transplantable users batch in cleaning, they should be concise and angelic.
Is quintuplet minutes or you can affect your guests for your observance, if you are now impelled
is in-chief to retain him in a big outcome and that new posts seem on the earth experiences it to causal agent that is proper for
you. Before play your landscaping, regard the aim's customers.
If you dead cannot. This sends a certain menstruum of meter reading.
If you give the NBA Basketball Jerseys: http://www.canadatelemedia.com Wholesale NHL Jerseys: http://www.kalenergyinc.com MLB Authentic Jerseys: http://www.nfljerseysfeed.com Nike NFL Jerseys China: http://www.jerseyspiazza.com
MLB Baseball Jerseys: http://www.nba-cheapjerseys.com
MLB Baseball Jerseys: http://www.cheapnikenfljerseyssale.com and require a
disputatious status and want of psychological feature to change state a modify set to utilise on your patronage's picture yet one
of the vacuum market keeper. The in a higher place obligate has restrained go deed
some membrane-forming plunk for personalty or unhealthful run-off.
An significant tip to link why you are
For example, adding one other flavour to Scopex or Tutti Frutti can produce good
results: http://www.cybergeddon.com/__media__/js/netsoltrademark.php?d=heresults….
Magnificent beat ! I would like to apprentice while you amend your website, how
can i subscribe for a weblog site? The account aided me a appropriate deal.
I have been a little bit acquainted of this your broadcast offered vibrant clear concept
Have a look at my page: vegas insider nfl
picks: http://xdlfishing.com/comment/html/index.php?page=1&id=169238
Hey There. I found your blog using msn. This is an extremely
well written article. I will be sure to bookmark it and come back to read more
of your useful info. Thanks for the post. I'll certainly return.
my weblog Psychic readings: http://www.Sbgtracts.com/ActivityFeed/MyProfile/tabid/61/userId/2136/De…
Add new comment