NEW DELHI: The government opening coal mining for the private sector would ensure better availability of coal and attract foreign investment in the sector, industry experts said on Saturday.
Finance Minister Nirmala Sitharaman in her fourth tranche of the economic package announced that commercial mining will be done on revenue sharing mechanism instead of the regime of fixed rupee/tonne.
“Commercial mining of coal on a revenue-sharing basis would help more coal availability at market prices. So this will be far more efficient…Liberalised entry to allow people to participate for a range of coal blocks and those who produce well before the deadlines incentive would also be given,” the finance minister said.
