The government said it is in the process to engage a consultancy firm to draw an action plan for revival of the domestic steel sector. Besides, the sector’s stakeholders can also provide their suggestions to deal with the issues emerged in the sector post COVID-19 outbreak, Minister of State for Steel Faggan Singh Kulaste said.
Prime Minister’s plan to rollout an international grid project under the One Sun One World One Grid (OSOWOG) initiative is a path-breaking effort to position India in a leadership role in the global agenda for poverty alleviation, boosting energy access and strengthening multilateral ties, Niti Aayog CEO, Amitabh Kant said.
Prime Minister Narendra Modi launched commercial coal mining with the auctioning process for 41 blocks, that will open up the sector to private sector and foreign players. The Prime Minister said that the move will allow private companies to unlock the resource in India. He said that commercial coal mining will help states in generating more revenue and creating more employment opportunities in areas rich with coal reserves.
India is expected to save around Rs 30,000 crore annually on import bill of thermal coal on account of commercial mining of blocks, Coal Minister Pralhad Joshi said. He said the opening of the coal sector to private companies is expected to generate employment for more than three lakh people.
Prime Minister Narendra Modi will address the launch event of the auction of 41 coal mines for commercial mining on June 18, 2020 outlining his vision for the country to achieve self-reliance in the mining sector which is the key source of input for many basic industries like power, steel, aluminium and sponge iron.