Prime Minister @narendramodi to launch auction of 41 Coal Mines for Commercial Mining tomorrow

Marking the beginning of opening up of Indian coal sector for commercial mining, a decisive step towards #AatmaNirbharBharat

LIVE from 11 AM

https://pib.gov.in/PressReleasePage.aspx?PRID=1632147 https://twitter.com/PIBMumbai/status/1261677619705262080

At the launch of auction of 41 coal mines for commercial mining, Prime Minister @narendramodi will share his vision for India to become #AatmaNirbharBharat in mining sector, which is the key source of input for many basic industries like power, steel, aluminium and sponge iron

The opening up of coal sector to commercial mining will boost private participation and investment, enhance productivity, pave way for sustainable mining and create jobs in backward regions of the country

https://pib.gov.in/PressReleasePage.aspx?PRID=1632147

Prime Minister @narendramodi will address the launch of Auction of 41 Coal Mines for Commercial Mining tomorrow, where he will share his vision for nation's road to self-reliance in mining sector

LIVE from 10.50 AM tomorrow:

#AatmaNirbharBharat

Prime Minister @narendramodi to launch auction of 41 Coal Mines for Commercial Mining today

Benefits:
Self-reliance in coal
Creation of 2.8 lakh jobs
₹ 33,000 crore investment in 5-7 years
₹ 20,000 crore annual revenue to state governments

https://pib.gov.in/PressReleasePage.aspx?PRID=1632147

The launch of coal mines auction by PM @narendramodi today marks the beginning of opening of Indian coal sector for commercial mining, as announced by FM @nsitharaman in #AatmaNirbharBharat package

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From 10.50 AM

LIVE shortly: Launch of coal mines auction by PM @narendramodi

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Stand by for updates https://twitter.com/PIBMumbai/status/1273451901271502848

Watch LIVE now: The coal industry is being unshackled, with launch of auction of 41 coal mines, by PM @narendramodi

#AatmaNirbharBharat

India's energy demands have been rising at 5% per annum; with coal having 50% share in total energy supply, @CoalMinistry has a major responsibility in ensuring adequate coal supply: Minister @JoshiPralhad

LIVE: Major burden of the responsibility of ensuring coal availability is being discharged by @CoalIndiaHQ, which has been producing nearly 85% of domestic coal production - Minister @JoshiPralhad

Production of all mines has registered a quantum jump in last six years, we are in the best position to implement PM's vision of #AatmaNirbharBharat: @JoshiPralhad at launch of auction of 41 coal mines @MinesMinIndia

Our mines are always engaged in implementing reforms which will help eliminate imports and produce vital materials domestically. Latest auction policy in mining sector is an example of this.

- Minister @JoshiPralhad

PM @narendramodi has said that importing coal is equivalent to committing a sin for a country which has 5th largest coal reserves. We have been working to realize his vision, right conditions have been set up for full scale blossoming of domestic mining industry. - @JoshiPralhad

Attractive provisions have been built in, coal blocks to be offered have been identified after public consultation. We are also thinking of extending support to private sector in land acquisition under the same framework offered to public sector companies. - @JoshiPralhad

There could not be a better time to enter the coal mining sector, says Minister @JoshiPralhad, at the launch event of coal mines auction @investindia @ficci_india @CoalMinistry @MinesMinIndia

Nature has blessed eastern and central India with rich coal deposits. I want to assure people of these regions that labour welfare and development of coal bearing regions are foremost on our mind. - @JoshiPralhad

I have already declared that welfare provisions for contractual labourers in event of mishap will be no less than that for regular employees. Further, welfare provisions for coal workers in commercial mines will be at par with what @CoalIndiaHQ provides. - Minister @JoshiPralhad

To achieve complete #AatmaNirbharBharat in coal sector, we need to make large infrastructure investment in eastern and central India - Minister @JoshiPralhad appeals to PM @narendramodi

Coal sector is committed to a massive capital expenditure and employment plan in coal bearing regions. @CoalIndiaHQ will rise to energy challenge and increasingly get into clean coal technology. - Minister @JoshiPralhad

. @CoalIndiaHQ will invest thousands of crores of rupees on mechanizing coal movement to mine coal technologically & more efficiently, reducing pollution and improving efficiency. CIL will also invest in social and physical infra for our worker brethren & locals: @JoshiPralhad

LIVE: PM @narendramodi addressing the launch event of auction of 41 coal mines

LIVE: India will turn the #COVID19 crisis into an opportunity, this has given us a call to make India an #AatmaNirbharBharat, says PM @narendramodi

India will reduce its dependence on imports, we will save lakhs of crores of foreign exchange and use it for benefit of our poor people, we will develop resources domestically

- PM @narendramodi explains meaning of #AatmaNirbharBharat

What we import today, we will become the biggest exporters of the very same products, this is what we mean by #AatmaNirbharBharat, says PM @narendramodi

To realize the goal of #AatmaNirbharBharat, we must take each sector, product, service and work holistically. Today's event of launch of coal mines auction is an important initiative in realizing this goal.

- PM @narendramodi

The launch of auction of coal mines is a commitment towards realizing aspirations of 130 crore people, it is
a beginning to open lakhs of job opportunities for our youth - PM @narendramodi

Within a month of launch of #AatmaNirbharBharat, a slew of reforms and initiatives have been taken in various sectors such as agriculture, coal, mining and efforts are being taken to implement the reforms on the ground.

- PM @narendramodi

We are not just launching commercial mining in coal sector today, we are freeing coal sector from decades-long lockdown

- states PM @narendramodi

Just imagine that the country which has 4th largest coal reserves and is 2nd largest producer does not export, but is the 2nd largest coal importer. Why can't we be the largest coal exporter? - asks PM @narendramodi

#AatmaNirbharBharat

For decades, coal sector was kept in the mesh of captive and non-captive, kept outside competition, transparency was a major issue, there used to be talk of big scams in coal mine allotment, hampering efficiency and investment - PM @narendramodi

We took many steps to change the scenario and strengthen the coal sector; now India has taken a historic decision of opening up the sector, in order to promote competition, investment, participation and technology, steps taken to also encourage new players

- PM @narendramodi

Self-reliance is not possible without a strong mining and mineral sector, as they are strong pillars of the economy. After reforms, coal production and entire coal sector will become #Aatmanirbhar. - PM @narendramodi

Coal sector reforms will have positive impact on many other sectors such as power, steel, aluminium, cement, fertilizers.

- PM @narendramodi

Auction of coal mines will open up new markets and new resources for industry and investment, state governments will get additional revenues, it will create many jobs and instill faith that poor can be served by coal as well

- PM @narendramodi

It has been ensured that India's commitment to environmental protection does not get weakened in any way. Latest technology will be used, coal gasification will protect environment and also help transport and cooking. - PM @narendramodi

We have decided to gasify 100 million tonnes by 2030. Four projects have been identified for this, ₹ 20,000 crore will be invested for this.

- PM @narendramodi #AatmanirbharBharat

Coal sector reforms will help make eastern and central India, especially our tribal belt, a strong pillar of national development. This will help provide better job opportunities to people of these areas there itself, rather than having to migrate to cities. - PM @narendramodi

Coal sector reforms and investment will help improve the lives of people, especially our poor and Adivasi brethren. The extra revenues which states get will be used for development programmes of those regions.

- PM @narendramodi

States will continue to get assistance from District Mineral Fund, a major part of this will be used for improving necessary facilities in coal mining areas, to improve #EaseOfLiving of people in those areas

- PM @narendramodi

Consumption and demand are reaching pre- #COVID19 levels. Power generation, e-way bills, toll collection, railway frieght tariff, volume and value of digital retail transactions, kharif crop area and wheat procurement are all showing positive signs - PM @narendramodi

All these indicators show that Indian economy is ready to bounce back, let us remember that we are not only crores of consumers, but also crores of producers, we can make India into an #AatmanirbharBharat - assures PM @narendramodi

Leaders of Indian industry and service sectors have got an opportunity today to change the course of our history, come forward, provide leadership and make the nation #AatmanirbharBharat - exhorts PM @narendramodi

The opening up of coal sector to commercial mining is a landmark step in India's development journey towards progress and self-reliance, we are also proud of the progressive and environment-friendly thought process underlying this move - @drsangitareddy, President, @ficci_india

The coal sector reforms will attract investment and create jobs, and will also serve as a model for other mining sectors such as zinc, bauxite and iron ore. FICCI will continue to partner with the govt. in this transformation. - @drsangitareddy, President, @ficci_india

41 small, medium and large coal mines are being offered for auction today, with a cumulative peak rated capacity of about 225 million tonnes per annum

3 of these mines are in Maharashtra
9 in Chhattisgarh
9 in Jharkhand
9 in Odisha
11 in Madhya Pradesh

- @CoalMinistry

Watch LIVE:

Launch of auction of 41 coal mines, opening up the sector for commercial mining

#AatmaNirbharBharat @CoalMinistry @MinesMinIndia

FDI in coal sector has been opened up, to offer world-class competitive terms to investors and to provide a vibrant coal market, the coal auctions have been designed in a way so as to meet requirements of everybody, including small and new players - @CoalMinistry

Clean coal technologies are the need of the hour, initiatives such as coal gasification are being taken in this regard - Secretary, @CoalMinistry at launch of auction of coal mines

Ministry has already created a Project Management Consultancy unit to hand-hold participating investors, we remain open-minded to address any difficulties industry may face, we are committed to make this a success - Secretary, @CoalMinistry

Union Minister @JoshiPralhad launches auction of 41 coal mines, freeing coal sector from decades-long lockdown, as PM @narendramodi said in his address today

Check out the auction site http://cma.mstcauction.com/auctionhome/coalblock/index.jsp

We are now undoing decades of mismanagement and are on our way to our true destiny by putting coal to its best use - @JoshiPralhad

I am happy to announce today that the coal stock in thermal power plants today is now at its historically highest level of more than 50 million tonnes, thanks to effective steps and reforms undertaken under the leadership of PM @narendramodi, says Minister @JoshiPralhad

Commercial mining in coal sector can potentially save import bill of around ₹ 30,000 crore per annum - Minister @JoshiPralhad at launch of auction of coal mines

Commercial mining in coal sector is expected to create jobs for more than 3 lakh people and bring about ₹ 20,000 crore annual revenues to state governments - Minister @JoshiPralhad

To meet increasing demand and reduce import of coal, @CoalMinistry has taken ambitious decision of producing 1 billion tonnes of coal by @CoalIndiaHQ by 2024, the plan includes new mines, infra development and other measures

- announces Minister @JoshiPralhad

To prepare coal sector for efficient transition, @CoalMinistry has decided to create administrative coal regulator by vesting coal controller with certain regulatory functions, this will boost investor confidence - @JoshiPralhad

Coal sector reforms will unlock unprecendented opportunities to transform the coal sector, by ushering in

Private investment
Additional capital investment
Latest mining technology
Job creation
Orderly development
#AatmaNirbharBharat

- @JoshiPralhad

From a sector grappling with corruption, the coal sector has come a long way, all set to dawn a new avatar and become a new-age Black Diamond, contributing significantly to the economic development of the nation - @JoshiPralhad https://twitter.com/PIBMumbai/status/1273523489706631169

Thank you for joining us for the historic launch of auction of 41 coal mines

The highlights of the launch, including some details of mines, the remarks of PM @narendramodi and Minister @JoshiPralhad, can be found in this thread

Watch:

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