40 coal blocks likely to be on offer in a fortnight as govt eases rules

Ministry plans investor meets, road shows to attract investment through eased rules

India will be offering around 40 blocks for commercial coal mining within a fortnight for investment by both government and private entities. This would be followed by roadshows in major cities of coal bearing areas.
 

This comes at a time when the coronavirus (Covid-19) pandemic has impacted investor sentiment across the globe, besides a global push towards a low carbon economy. Officials, however, see good response coming from the industry in coal bearing states though an enabling amendment in the Mineral and Mines (Development & Regulation) Act had been done earlier this year in order to get in foreign investment.