India blocks firms from China, other neighbours in commercial coal auction

Coal ministry issues press note citing an amendment made to the FDI Policy in April.

coal, mining
Restricting the entry of Chinese players into the Indian infrastructure space has taken precedence amid heightened tensions between the two countries, following the Galwan Valley stand-off

The coal ministry has issued a notice regarding foreign direct investment (FDI) in commercial coal auctions. The move, aimed at restricting the entry of Chinese miners, requires foreign investors to take approval from the government before participating.   Earlier, the Centre had permitted 100 per cent FDI under the automatic route for coal mining activity, including associated processing infrastructure.   The ministry issued a press note on Monday, citing the amendment made to the FDI policy formulated in April, which restricts the entry of countries that ...