State run and private firms are expected to invest around Rs4 trillion in the Indian coal sector, Union home minister Amit Shah said on Monday. Of this, Indian public sector units (PSUs) will invest ₹2.5 trillion in the coal sector in this decade, in areas such as surface coal gasification, coal bed methane, new coal mining plans, and clean coal projects, Shah said.
Speaking at the launch of ‘single window clearance portal’ for all approvals required for starting a coal mine in India; and the coal mine development signing agreements of the 19 mines awarded in the first tranche of commercial coal mining auction, Shah said, “The roadmap is ready.”
Around 19 major approval or clearances such as; mining plan and mine closure plan, grant of mining lease, environment and forest clearances, wild life clearance, clearances related to safety, environment, rehabilitation of project affected families and workers’ welfare among others are required before starting a coal mine in the country.
“More reforms are in the pipeline,” Shah added.