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Mamata opposes 100% FDI in coal sector, asks PM to reconsider decision

Coal India is of the view that as foreign companies enter India and start domestic production, it will help in reducing imports.

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Mamata Banerjee said that FDI in the coal sector is against the spirit of Atmanirbhar Bharat or self-reliant India as it will demean the capability of state-owned behemoth Coal India

Avishek Rakshit Kolkata

3 min read Last Updated : Jun 26 2020 | 6:10 PM IST

West Bengal Chief Minister Mamata Banerjee, on Friday expressed her reservations on allowing 100 per cent foreign direct investment (FDI) in the coal sector and asked Prime Minister Narendra Modi to reconsider the decision.

In her letter, she reasoned that since the global focus was now on renewable energy and sustainable energy sources, FDI was not likely to attract investors as projected by the Centre and neither would it pave the way for any technology transfer to India from foreign shores.

“This policy can neither bring in FDI, nor can it bring technologies or knowhow which we are unable to access today.

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