Coal block auction: Vision of Atmnirbhar ?

In line with the vision of  "Atmnirbhar Bharat " the launch of the auction process for commercial mining of 41 coal mines is certainly historic and it will not only make India self-reliant in the energy  sector but will also create lakhs of jobs and massive revenue for states by creating huge capital investments.

The virtual auction process of 41 coal blocks for commercial coal mining expecting to attract Rs.33,000 crore investments over 5-7 years and technology from Indian and global miners and are likely to ceate about 2.8 lakhs jobs with an annual revenue of Rs.20,000 crores for the governments.

India proposes to reduce its dependence on coal import as the coal import bill is around 1.7 lakh crore. Against a domestic production of 730 million tonnes, India imported 240 million tonnes of coal, mainly for the Steel plants. India has the fourth largest reserves in the world. India is the second largest producer and importer of coal in the world.

We really need to increase our domestic production even more as even though we are moving towards renewable sources of energy - solar, wind, Hydel, Neuclear etc. as coal is used for gas, fertilizer making etc.

The blocks are spread over five states have total geological mines of 26,979 million tonnes per annum

Here we are emphasizing on the use of better technology so that the empact on the environment is minimum as the Climate change is one of the greatest challenges before the world. Also mines lead to the displacement of people. So, we have to ensure that if because of these mining activities people are supposed to be relocated then they must be resettled properly and well compensated. This will certainly help India accelerate it's journey of becoming an inclusive self reliant, technologically advanced, prosperous and a very strong country or a True  " Atmnirbhar Bharat "