Govt considering reducing entry barrier in coal mining: Coal Secretary

at 8:50 pm
Coal Secretary Anil Kumar Jain (File)

New Delhi (NVI): Coal Secretary Anil Kumar Jain has said that the government is looking at reducing entry barriers in coal mining which will have a spin effect on the GDP growth and economy.

He also said that Coal the Ministry is open to all suggestions in this regard and will go to the Cabinet after the consultation series are over.

Jain was yesterday speaking at a stakeholder consultation on recently launched discussion paper of Ministry of Coal for ‘Auction of Coal Mines for Sale of Coal’ organized by Ministry of Coal, jointly with FICCI.

This was the first of the series of stakeholders’ consultations being organized to gain the industry’s perspective on the upcoming auction of coal mines for sale of coal. The second roundtable is in the series is being organized on 28th January at Kolkata.

The Coal Secretary’s comments come amid the Central Government’s efforts to enable wider participation in auction of coal mines by removing the end-use restrictions of the mining blocks. The Government has also promulgated Mineral Laws (Amendment) Ordinance, 2020 on January 10 in this direction.

Earlier last year, the Government had also allowed 100% Foreign Direct Investment (FDI) under automatic route for coal mining activities including associated processing infrastructure.