- Coal sector was stuck in the mesh of captive and non-captive.
- Remained out from the competition
- Lack of transparency in allotment
- Limited investment and efficiency
- These demand the opening of the coal and mining sector for competition, capital, participation and technology.
- A strong Mineral and mining sector, an important pillar of our economy, is essential for being self-reliant.
- A target to gasify around 100-million-ton coal by the year 2030 with 20000 crore investment has been set.
Benefits of Commercial Coal Mining:
- Any sector can buy coal as per requirement
- Increase in power generation with increased coal production
- Improved production and processing in Steel, Aluminium, Fertilizers and Cement sectors with an increase in power generation
- Will benefit other mineral sectors due to proximity to coal reserves
- Access to new resources and markets for industries and investors
- Improved revenues for state governments
- Reduction in imports and saving Foreign exchange reserves
- Employment generation
- Will turn Eastern and Central India, specifically the tribal belt into a pillar of development.
Steps must be taken to ensure that India’s commitment to protect the environment doesn’t get weakened while introducing coal reforms. The commercialisation of coal mining is a step towards making India Atmanirbhar or “self-reliant” with a focus on growth and local development.
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