New Delhi, Feb 19
The Coal Ministry held a meeting in Kolkata to talk about opportunities in the coal industry and upcoming auctions for commercial coal mines. Key officials from the Ministry, including the Secretary and Additional Secretary, were present. The event was well-attended by industry leaders, investors, and other interested parties.
The Additional Secretary assured investors that the Ministry is committed to supporting them throughout the investment process. She mentioned that getting necessary approvals has become easier and that the government is constantly working to improve the business environment. She also highlighted the government’s focus on new technologies like coal gasification and underground mining, which are more environmentally friendly and efficient. She emphasized the Ministry’s commitment to honest and transparent practices.
The Coal Secretary spoke about the Ministry’s vision to utilize India’s coal resources fully. He explained how recent changes are promoting sustainable growth and benefiting everyone involved. He also mentioned that the Ministry is working closely with state governments and other ministries (like Environment and Forests, and Railways) to speed up approvals and improve logistics. He stressed that underground mining will be included in future auctions as it’s a sustainable way to extract coal with less environmental impact.
The Secretary urged private companies to not only invest in mining but also give back to the communities where they operate. He said that the industry should focus on things like planting trees, restoring land, and improving the lives of local people. He emphasized that growth should be inclusive and have a positive impact on both people and the environment.
The meeting included presentations on the upcoming coal mine auctions, explaining investment opportunities and relevant policies. It also allowed investors to network with decision-makers, explore new business possibilities, and learn more about the changing coal industry in India.
The event provided a platform for everyone involved – industry leaders, potential investors, mining experts, and policymakers, to share their ideas and explore ways to work together. Participants gained a better understanding of the auction process, regulations, and investment incentives. This reinforced the Ministry’s dedication to creating a favorable environment for investors, ensuring they can take advantage of opportunities in the coal sector and contribute to India’s energy security and sustainable growth.
This Kolkata event is an important step by the Coal Ministry to attract investment and boost growth in the coal industry, further strengthening India’s position as a leading coal producer.
