We would be making the additional investment in the eastern part of India, including Jharkhand, Chhattisgarh and Odisha to ramp up coal evacuation in the country, said Jain
We don’t expect you to buy mines and also build rail corridors. The government is very alive to your issues, assured the Secretary
New Delhi: Coal Secretary Anil Kumar Jain has said on Tuesday that in order to support commercial players who have won coal blocks for mining under the recently-concluded auction, the government will spend Rs 50,000 crore to improve the coal evacuation infrastructure. This will further improve coal transportation and support the industry as well. Addressing a webinar ‘Stakeholders Consultation on Auction of Coal Mines for Commercial Mining,’ organised by FICCI, Jain said, “The year 2020 is much different from 2008 or 2010 when old coal blocks were given. We would be making the additional investment in the eastern part of India, including Jharkhand, Chhattisgarh and Odisha to ramp up coal evacuation in the country.”
‘Govt will support commercial miners by building coal evacuation infrastructure’
In order to support the industry and improve logistics in the coal sector, the Ministry is also in touch with the Railways to enhance the network for coal transportation, said the Coal Secretary. “We don’t expect you to buy mines and also build rail corridors. The government is very alive to your issues. The government will be willing to support the industry to provide new railway lines or loops,” he said.
Emphasising on the importance of the auction of 41 coal blocks for commercial mining, Jain said that the government has come up with very liberal norms for commercial coal mining. He added that an Inter-Ministerial Empowered Committee, comprising Secretary Law, Secretary Petroleum and Secretary Department of Economic Affairs, along with him, has been formed to sort out time-to-time operational problems of the miners.
Govt has done all to ensure ease of doing business: Coal Secretary
“From the government’s side, we have done all that was required for the ease of doing business and we will continue to do so in the future also. Environment Clearance and Forest Clearance systems have improved considerably. We are also working to link the PARIVESH Portal with mining plan portal and through one portal now everything will be monitored,” said the Coal Secretary.
He further stated that as compared to other sectors, coal is a good sector and has good profitability. Imported coal can never compete with domestic coal prices.
The next rounds of stakeholder consultations will be organised by the Ministry of Coal with FICCI as Industry Partner on July 24 and August 3 to address queries of bidders during the ongoing bid process for 41 coal blocks.
‘Response to commercial coal block auction has been tremendous’
M Nagaraju, Joint Secretary and Nominated Authority, Ministry of Coal, said that the response of the industry has been tremendous to the auction process of the coal blocks. Measures have been taken to revamp the bid conditions and the process has been made liberal and progressive. “We are making the process of owning and operating a coal mine simpler and transparent. We have set up a Project Management Unit (PMU) to help us operate coal mines,” he added.
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