Mumbai, Feb 28 – Union Coal Minister G Kishan Reddy on Friday reaffirmed the Government of India’s commitment to boosting domestic coal production, reducing dependency on imports, and ensuring sustainable mining practices.
Addressing an investment roadshow on commercial coal mining opportunities in Mumbai, Reddy announced that the upcoming 12th round of coal block auctions will include underground mines, with additional financial incentives to attract investors. The move aims to enhance private sector participation and strengthen India’s energy security.
Reddy emphasized the government's ongoing efforts to bridge the demand-supply gap and ensure a steady coal supply for both captive and commercial consumers. He reiterated that coal remains the backbone of India's energy sector, contributing over 70% to the country’s electricity generation. To support this, the government is implementing key reforms to attract private investments, improve the ease of doing business, and introduce advanced mining technologies such as automation and digital monitoring.
The roadshow served as a strategic platform to highlight policy reforms, streamline investment procedures, and encourage sustainable mining practices. Discussions focused on technological advancements, regulatory improvements, and environmental sustainability, reinforcing the government's objective to maximize the potential of India’s coal sector while aligning with long-term sustainability goals.
Coal Secretary Vikram Dev Dutt also addressed the event, assuring investors of the ministry's proactive approach in facilitating smooth investments in the sector. He outlined steps taken to fast-track approvals, reduce bureaucratic hurdles, and enhance transparency in coal block allocation. Dutt further stressed the government's focus on afforestation, biodiversity conservation, and responsible mine closure practices to ensure ecological balance.
Encouraging investors to participate in the upcoming coal mine auctions, Dutt highlighted the range of government support available, including regulatory assistance, financial incentives, and streamlined processes to boost business confidence. He underscored that India's coal sector offers vast opportunities for investment and innovation, paving the way for a self-reliant and resilient energy future.
The government’s latest initiatives are expected to drive greater private sector engagement, strengthen domestic coal production, and promote sustainable mining, ultimately reinforcing India’s energy security.