PM Modi says India has taken the big decision to fully open the coal and mining sector for competition, capital, participation and technology

Prime Minister Narendra Modi today said India has taken the big decision to fully open the coal and mining sector for competition, capital, participation, and technology.

Addressing the launching of auction of 41 coal mines for commercial mining via video conference, Mr Modi said a major step has been taken today to make India self reliant in the Energy sector. He said the government is not only launching an auction for commercial coal mining, but also taking the coal sector out of decades of lockdown.

He said permitting the private part in business coal mining is opening assets of a country with the world's fourth biggest stores. Censuring last strategies of keeping the division shut, the Prime Minister said India ought to be the world's greatest coal exporter thinking about the size of stores. 

He brought up the incongruity that India has the fourth biggest coal hold on the planet, is the second biggest maker on the planet, but at the same time is the second biggest coal merchant. He said the circumstance went on for a considerable length of time and the coal division was kept snared in the trap of Captive and Non Captive. He included that the division was barred from rivalry and straightforwardness was a major issue. 

The Prime Minister said the changes in the coal area are an



incredible method to make Eastern and Central India, and the innate belt the mainstays of advancement. He said there are 16 optimistic areas in the nation which have huge stores of coal yet have not profited the nearby individuals as much as they ought to have. He said changes and interest in this part will assume a tremendous job in making lives simple for poor people and innate individuals.

Mr Modi said the commercial coal block auction is a win win for industry users. He said new resources will open up and states will get more revenue and employment. The Prime Minister also said the government has set a target to gasify around 100 million tonnes of coal by 2030. He said four projects have been identified for this and about 20 thousand crores will be invested in them.

Mr Modi said India will overcome the Covid pandemic and the country will turn this crisis into opportunity. He said the pandemic has taught India the lesson of being self reliant. The Prime Minister said an Atmanirbhar Bharat means reducing dependency on imports, and saving crores of foreign currency.

He said an Atmanirbhar Bharat entails that India will develop resources so that the country does not have to rely on imports. Mr Modi said all indicators are showing that Indian economy is ready to bounce back quickly and has moved forward.