PM launches auction process of coal blocks for commercial mining

Prime Minister Narendra Modi recently launched the auction process of 41 coal blocks for commercial mining. It was part of the series of announcements made by the Government of India, under the Aatma Nirbhar Bharat Abhiyan. The Coal Ministry in association with FICCI launched the process for auction of these coal mines. A two stage electronic auction process is being adopted for allocation of the coal mines.

Speaking on the occasion, Modi said that India will overcome the COVID -19 Pandemic and the nation will turn this crisis into an opportunity. He said that this crisis has taught India the lesson of becoming Aatma Nirbhar i.e. self-reliant. He said an Aatma Nirbhar Bharat means reducing dependency on imports, and saving foreign currency on imports.

He said that this event marks not only the implementation of reforms concerning one coal mining sector but also marks the beginning of lakhs of employment opportunities for the youth. He said, “We are not only launching the auction of commercial coal mining today but also freeing the coal sector from decades of lockdown.”