Share
 
Comments

1. With a view to achieve atmanirbharata in the Coal sector, the Ministry of Coal in association with FICCI is launching the process for auction of 41 coal mines under the provisions of CM (SP) Act and MMDR Act. This auction process marks the beginning of opening of Indian coal sector for commercial mining. It will enable the country achieve self-sufficiency in meeting its energy needs and boost industrial development. The commencement of this auction process of coal mines for sale of coal is part of the series of announcements made by the Government of India under the Atmanirbhar Bharat Abhiyan. The event will take place virtually at 11 AM on 18th June, 2020. The event will be open to all to join virtually through various networks hosted by NIC, NeGD of MEiTY and FICCI.

Launch of the Auction Process

2. Hon’ble Prime Minister will grace the occasion by delivering an address during the launch of the auction process outlining his vision for the country to achieve atmanirbharata in mining sector which is the key source of input for many basic industries like Power, Steel, Aluminium, Sponge Iron etc. Shri PralhadJoshi  Hon‘ble,  Minister for Coal, Mines and Parliamentary Affairs will be present during the occasion.

3.This landmark step is expected to boost private participation which will increase production, induce competition, enhance productivity by facilitating use of latest equipment, technology and services through higher investments, pave way for sustainable mining and creation of avenues for more employment generation in the backward regions of the country. With the launch of commercial mining, India has unlocked the coal sector fully with opportunities for investors related to mining, power and clean coal sectors.

4. Shri Dr Sangeetha Reddy, President, FICCI, Mr Anil Agarwal, Chairman Vedanta Group, and MrN. Chandrasekharan, Chairman, Tata Sons will also speak during the event.

5. The event will be web telecast live and is expected to be attended by eminent industrialists, businessmen, banking professionals, mining industry entrepreneurs, diplomats, foreign delegations etc.

Key terms of the auction process

6. A two stage electronic auction process is being adopted for allocation of the coal mines. Details about the auction process including the bid documents with the model agreement, detailed timelines of the auction process, coal mines on offer can be accessed at http://cma.mstcauction.com/auctionhome/coalblock/index.jsp which is being hosted by MSTC Limited, the auction platform provider.

7. Benefits to the country:

  • Upon attainment of Peak Rated Capacity of production of 225 MT, these mines shall contribute about 15% of the country’s projected total coal production in 2025-26.
  • Employment generation for more than 2.8 lakhs people: Direct employment to approximately 70,000 people and indirect employment to approximately 210,000 people.
  • Expected to generate approximately Rs 33,000 crore of capital investment in the country over next 5-7 years.
  • These mines will contribute Rs 20,000 crores revenues annually to the state governments
  • 100 per cent FDI is likely to bring in international practices, latest technologies and mechanisation in mining operations.
  • Self-reliance with substitution of imports by independent thermal power plants and captive power plants resulting in saving of foreign currency.
  • Boost to the regulated and non-regulated sector by ensuring sustained coal stocks for industries with greater reliability.
  • Moving towards a free market structure with implementation of the National Coal Index.
  • Promoting the practice of efficient use of clean energy and reduce the scourge of environmental pollution with incentive to Coal Gasification & Liquefaction.
Modi Govt's #7YearsOfSeva
Explore More
It is now time to leave the 'Chalta Hai' attitude & think of 'Badal Sakta Hai': PM Modi

Popular Speeches

It is now time to leave the 'Chalta Hai' attitude & think of 'Badal Sakta Hai': PM Modi
India's total FDI inflow rises 38% year-on-year to $6.24 billion in April

Media Coverage

India's total FDI inflow rises 38% year-on-year to $6.24 billion in April
...

Nm on the go

Always be the first to hear from the PM. Get the App Now!
...
MoS Dr. Jitendra Singh’s Statement after meeting with the political parties of Jammu-Kashmir under the leadership of the Hon'ble Prime Minister
June 24, 2021
Share
 
Comments

A discussion with the political parties of Jammu-Kashmir under the leadership of the Hon'ble Prime Minister has just ended. This has been a very positive effort towards the development and strengthening of democracy in Jammu-Kashmir. The meeting took place in a very cordial atmosphere. All the participants expressed their full allegiance to the democracy of India and the Constitution of India.

The Home Minister apprised all the leaders of the improvement in the situation in Jammu-Kashmir.

The Prime Minister listened to every party’s arguments and suggestions with all seriousness and he appreciated the fact that all the people's representatives shared their point of view with an open mind. The Prime Minister laid special emphasis on two important issues in the meeting. He said that we all have to work together to take democracy to the grassroots in Jammu-Kashmir. Secondly, there should be all-round development in Jammu-Kashmir and development should reach every region and every community. It is necessary that there should be an atmosphere of cooperation and public participation.

Hon'ble Prime Minister also pointed out that elections to Panchayati Raj and other local bodies have been successfully held in Jammu-Kashmir. There is improvement in the security situation. About 12,000 crore rupees have directly reached the panchayats after the conclusion of elections. This has accelerated the pace of development in the villages.

The Prime Minister said that we have to approach the next important step related to the democratic process in Jammu-Kashmir i.e. assembly elections. The process of delimitation has to be completed expeditiously so that every region and every section gets adequate political representation in the assembly. It is necessary to give a proper representation to the Dalits, backwards and people living in tribal areas.

There was a detailed discussion in the meeting regarding the participation of everybody in the process of delimitation. All the parties present in the meeting have agreed to participate in this process.

The Prime Minister also emphasized the cooperation of all the stakeholders to take Jammu-Kashmir on the path of peace and prosperity. He said that Jammu-Kashmir is moving out of the vicious circle of violence and moving towards stability. New hope and new confidence have emerged among the people of Jammu-Kashmir.

The PM also said that we will have to work day and night to strengthen this trust and work together to improve this confidence. Today's meeting is an important step for strengthening the democracy and the development and prosperity of Jammu-Kashmir. I thank all the political parties for attending today's meeting.

Thanks