Tuesday, June 28, 2022

India to open up commercial coal mining for private sector: Coal Secretary

Ranchi, Feb. 24: In spite of the morning showers, the Eco Park here was packed with exhibitors and visitors on Wednesday. Anil Swarup, secretary, Coal, said, “I am amazed by the response and the quality of participants. It may be compared to any other International exhibition in the world.”

Responding to a question about change in policy in the near future, Swarup clarified that “bids are already open for the states and private sector shall soon follow. India is all set to open up commercial coal mining to private companies with the aim of shifting world’s third largest coal importer towards energy self-sufficiency.”

The Mining, Geological and Metallurgical Institute of India (MGMI) in collaboration with TAFCON organized the 6th International Mining Exhibition here.

A truly international exhibition, 25 companies from China besides 10 mining giants each from Czech Republic, Poland, US and Australia are among the 300 exhibitors at the exhibition, which is represented by almost 600 delegates. In addition, 25 leading public sector companies including Coal India Limited, BEML, NTPC, and the Governments of Jharkhand and Odisha are participating.

The exhibition is expected to attract 10,000 visitors from all over the world. The event is supported by Ministries of Coal, Mines, Steel, Power, Heavy Industries, External Affairs, Government of India and Coal India Ltd.

The country hosts a wide range of globally significant mineral resources, including four fuel minerals, 11 metallic minerals, 22 minor minerals, and 52 non-metallic minerals With foreign direct investment in the mining sector for all non¬atomic and non-fuel minerals being fully opened for investments through the automatic route, including for diamonds and precious stones, the mining sector is in the right place to create considerable global interest.

IME 2016 will focus on an unprecedented display of mining, minerals, machinery and metallurgical latest technologies and their innovative applications, research & development, logistics, safety & health aspects of the mining and allied industry.

The event is designed to provide business opportunities to the stakeholders of Mining and allied industry, to showcase their technologies, new initiatives, products and services, a unique platform for Entrepreneurs, Decision makers, bureaucrats, investors, industry leaders, equipment suppliers, miners, engineers and trade delegates to congregate, brain storm, showcase and forge meaningful partnerships.

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