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PM Narendra Modi launches auction process of coal mines for commercial setup; Key points announced
Posted
June 18, 2020
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June 18, 2020
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34:57Now PlayingPrime Minister Narendra Modi has announced the government's decision to start the auction process of coal blocks for commercial use reiterating his earlier stance of making India, self-reliant or 'atmanirbhar'. The PM said that the move will help achieve self-sufficiency and boost the country's industrial sector. The participation in the auction has been opened for foreign as well as domestic companies using 100% FDI investment route devised by the government. A total of 41 coal blocks have been put up for the auction, with the PM highlighting that the nation has learned a lesson from the Coronavirus pandemic and will now work to cut down its imports and become instead the world's biggest exporter.
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