New Delhi, Feb 28
The Ministry of Coal recently organized a roadshow in Mumbai to highlight investment opportunities in the coal sector and upcoming commercial coal mine auctions. The event was attended by Union Coal and Mines Minister Shri G. Kishan Reddy, senior officials from the ministry, and key industry stakeholders.
The roadshow aimed to attract private sector participation, increase domestic coal production, and promote sustainable mining practices. It focused on policy reforms, ease of doing business, and new technologies to improve efficiency while ensuring environmental sustainability and energy security.
In his speech, Minister Shri G. Kishan Reddy emphasized the importance of coal in India’s economy and energy needs. He highlighted the government’s focus on reducing coal imports, boosting production, and using advanced technologies to make mining safer and more efficient. The Minister also mentioned efforts like large-scale tree planting on reclaimed mining land, eco-friendly initiatives, and mine restoration for agriculture, forestry, and tourism.
The Minister reaffirmed the government’s commitment to mine safety and community development. He stressed the importance of worker safety, environmental conservation, and skill development programs for coal-dependent communities. He urged coal companies to adopt global best practices in safety and eco-friendly mining.
Coal Secretary Shri Vikram Dev Dutt assured investors that the government is committed to making the investment process smooth. He highlighted efforts to speed up approvals, reduce obstacles, and improve transparency in coal block allocation. The upcoming 12th round of coal mine auctions will include underground mines, with special financial incentives for investors. He encouraged industry leaders to participate, assuring them of full government support.
Additional Secretary Ms. Rupinder Brar emphasized the private sector’s key role in coal mining. She assured investors of a transparent and competitive business environment with flexible policies that allow companies to market coal freely.
The roadshow included discussions on investment potential, sustainability measures, and coal gasification. Investors engaged in a Q&A session, seeking clarity on policies and auction processes. Officials addressed their concerns, reinforcing confidence in the government’s investor-friendly approach.
The Mumbai roadshow marked another milestone in the Coal Ministry’s efforts to promote investment, boost domestic coal production, and ensure a sustainable future for India’s coal industry. The event reinforced the government’s commitment to fostering innovation, strengthening investor confidence, and advancing India’s energy security goals in line with Atmanirbhar Bharat.
(Source: PIB)
