Tata Sons Chairman N Chandrasekaran on Thursday urged the government to consider setting up a coal exchange for transparent buying and selling of the dry fuel by multiple merchant miners in line with the existing commodity bourses.
This, he said, would be major step towards achieving the target of USD 5 trillion economy.
Speaking during the launch of auction of coal mines for commercial mining here, Chandrasekaran said, “The government should consider the concept of coal exchange as a trading platform for transparent method of buying and selling coal by multiple merchant miners in line with what exists in the commodity exchanges…”
