President, FICCI, Dr
Sangeetha Reddy, Chairman Vedanta Group Anil Agarwal and Tata Sons Chairman N
Chandrasekharan will also speak during the event.
Prime Minister Narendra
Modi will address the launch event of the auction of 41 coal
mines for commercial mining on Thursday outlining his vision for the
country to achieve self-reliance in the mining sector which is the key source
of input for many basic industries like power, steel, aluminium and sponge
iron.
A PMO release said that 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 to achieve
self-reliance in the coal sector.
It said that the auction
process marks the beginning of the opening of the Indian coal sector for
commercial mining and it will enable the country to achieve self-sufficiency in
meeting its energy needs and boost industrial development.
The commencement of the
auction process of coal mines for sale of coal is part of the series of announcements
made by the Centre under the Atmanirbhar
Bharat Abhiyan.
"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," the release said.
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, the release
said.
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