Union Minister Dharmendra Pradhan on Saturday said that a long term policy reform has been made in the Coal sector to ensure that coal is available at cheaper rates and there’s more production.
Speaking to on the fourth tranche of Rs 20 lakh crore stimulus package, Pradhan said, “A long term policy reform has been made in Coal sector to ensure that coal is available at cheaper rates and there’s more production. The private sector has been allowed to enter the coal sector. Both public and private sector will work towards the production of coal.”
The Minister of Petroleum & Natural Gas and Minister of Steel said, “There are abundant mineral resources in the country. For the first time in India, mining exploration is being linked to mining lease.”
Finance Minister Nirmala Sitharaman on Saturday said that the Central government will introduce competition, transparency and private sector participation in the coal sector and will do infrastructure development of Rs 50,000 crore.