Shah handed over the Charter of letters to the successful bidders in the country’s first Commercial Coal Mining Auction
Coal Sector has crossed important milestone towards fulfilling dream of Aatmanirbhar Bharat under leadership of Prime Minister Narendra Modi
Coal Sector would play very important role in achieving target of a five trillion Dollar economy by 2022
19 successful bidders allotted mines under the country’s first Commercial Coal Mining Auction; this will provide an estimated revenue of about Rs 6,500 crore to States every year and also create more than 70,000 jobs
Delhi, Jan 11
Union Home Minister Amit Shah inaugurated the ‘Single Window Clearance System Web Portal’ in the Coal Mining sector in New Delhi today. Shah also handed over the Charter of letters to successful bidders of the country’s first Commercial Coal Mining Auction.
Union Minister of Coal & Mining and Parliamentary Affairs Pralhad Joshi and senior officers were also present in the programme.
On this occasion, Shah said that the Coal Sector has crossed an important milestone towards fulfilling the dream of Aatmanirbhar Bharat under the leadership of the Prime Minister Narendra Modi. He said that the Coal Sector would play a very important role in achieving the target of a five trillion Dollar economy by 2022, the year marking the completion of 75 years of Independence. Shah said that for a long time the need was felt to remove uncertainty in the Coal Sector and bring in transparency; which has been fulfilled by the Modi Government.Commercial coal mining auctions will now facilitate Small and Medium Industries to receive coal supplies easily.
The Union Home Minister said that till 2014, the Coal Sector seemed entangled in bureaucracy and lack of transparency amidst many allegations of corruption. Till that time it was extremely difficult to work in this field. But in 2014, the Government under the leadership of Prime Minister Narendra Modi made many changes and today with full transparency in the Coal Sector, equal opportunities are available for all. We have the most intelligent and educated youth, hardworking labour force as well as a transparent democracy.
Shah said that if we assess the work done in the Coal Sector since Independence, it would emerge that unprecedented work has been done under the leadership of Modi ji in the last six years. The maximum increase in production has taken place within the same six years since Independence. Around 560 MT of coal was produced in 2014 while in 2020 it has reached 729 MT. Emphasizing on accelerating the pace of coal mining, Shah said that the greater the pace of this sector, the faster the nation’s economy will grow, and it will help achieve the target of a five trillion Dollar economy.
Shah said that Union Minister of Coal & Mining and Parliamentary Affairs, Pralhad Joshi has done remarkable work under the leadership of Prime Minister Narendra Modi, and he feels assured that today the country is moving towards a new future. Today 19 successful bidders have been allotted mines under the country’s first Commercial Coal Mining Auction. This will provide an estimated revenue of about Rs 6,500 crore to the States every year and will also create more than 70,000 jobs. Besides, it will also lead to an investment of Rs. 8,000 croreto Rs. 10,000 crore.
He said that about Rs. 2.50 lakh crore will be invested in the next decade under the PSU plan of Coal and about Rs.4 lakh crore is expected to be invested under the PSU-Private plan. The roadmap for this is also ready.
The Union Home Minister also said that the Commercial Coal Mining Auctionprocess will open the way for development in the Central and Eastern tribal areas of the country. Prior to the Modi Government, Eastern India did not develop at the same pace as it should have, compared to Western India. The Modi Government has ensured the development of all regions of the country as well as all sections of society. The government has created the Rs. 46,000 crore District Mineral Development Fund for people living near the mines, with focus on the development of districts and especially the least developed villages amongst them. This has led to the development of tribal, Dalit, backward and poor people living in these areas.
Shah said that in the year 2020 the whole world was plagued by the COVID19 pandemic and the human race was troubled by this crisis. Under the leadership of Prime Minister Narendra Modi, the Government of India successfully fought on two fronts in this crisis, – one against Corona, and the other against the economic recession. The government made several policy changes, taking important decisions in many sectors including Agriculture, Education, Space, Economy and Fertilizers. Many schemes were also brought in to strengthen the Infrastructure Sector and the structure for ‘Ease of Doing Business’ was laid. Many of these schemes have been implemented and the rest are being implemented gradually.
Shah said that this scheme launched today is also a part of this policy.