"FICCI welcomes Ministry of Coal's announcement to introduce commercial mining of coal and sees it as a positive policy direction towards development of a market-based economy that will be supporting the growth of industrial sectors dependent on coal as fuel," Ficci President Pankaj R Patel said in a statement.
"Commercial mining of coal is a forward-looking step that will lead to monetising of a natural resource and have the potential of boosting technology-aided private investments in coal sector, while enhancing the market access of coal for the downstream industrial segments of power, steel and cement, " Patel said.
Government yesterday announced that it would open up commercial mining of coal next fiscal and four dry fuel mines would go under the hammer in the first phase.
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