The government decision to auction coal mines for sale of dry-fuel in return will bring higher investment, create jobs and bring efficiency in the sector, Coal Minister Piyush Goyal said today.
"Auction of coal mines for sale of coal is expected to bring efficiency into the coal sector due to increased competition and deployment of best possible technology into the sector," Coal Minister Goyal told Rajya Sabha in a written reply today.
The minister said it will bring higher investment which in turn will "create direct and indirect employment in coal bearing areas specially in mining sector and will have an impact on economic development of these regions."
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