100 Percent FDI in Coal Mining

   The decision of 100 per cent FDI (FDI) under automatic route for coal mining activities including related processing, infrastructure in the coal sector is the biggest improvement of the Modi government. Which will help in providing electricity round the clock to all. 

 

   Union Parliamentary Affairs, Coal and Mines Minister Prahlad Joshi said, 100 percent FDI is the biggest improvement of our times. The arrival of international companies will create an efficient and competitive coal market in India. 

  It is expected that the country will have state-of-the-art coal mining technology which will help in ensuring environmentally sustainable mining. This decision will also create direct and indirect employment in coal-fired areas and will have a positive impact on the economic development of these areas. 

   He said that this improvement is likely to help the states with coal reserves to get more revenue. Along with this, many more companies are expected to come in to create an efficient and competitive coal market. Describing the move as part of ensuring 'ease of doing business', 

   He said it would give a new impetus to the growth of the economy. Shri Joshi reiterated that this step will also pave the way for energy security in the country as 70 percent of electricity in India is generated from thermal power plants.