nion Home Minister Amit Shah said Thursday the launch of a virtual auction process for 41 coal blocks for commercial mining would generate more than 2.8 lakh jobs and attract foreign investment worth Rs 33,000 crore. In a series of tweets, Shah thanked Prime Minister Narendra Modi and Coal Minister Pralhad Joshi for initiating the process of auctioning coal blocks and said that it will help create a stable, corruption-free and self-reliant India.
“This decision of the Modi government will create more than 2.8 lakh jobs, attract capital investment worth Rs 33,000 crore and generate annual revenue of Rs 20,000 crore for the state governments,” he said.
Shah said that, in line with the dream of ‘Atmanirbhar Bharat,’ this historic decision would make India self-reliant in the energy sector by increasing competition and boosting coal production.
“I thank PM Shri @NarendraModi and Shri @JoshiPralhad for this very important decision and for ensuring transparency in the mine allocation process. It reiterates Modi government’s commitment towards building a prosperous, corruption-free and self-reliant India. #Vocal4LocalCoal,” he said.
Launching a virtual auction process for 41 coal blocks for commercial mining, expected to garner Rs 33,000 crore of capital investment in the country over the next 5-7 years, the Prime Minister said it was a major step in the direction of self-reliance.
He also said that the coronavirus pandemic had taught India to be self-reliant. The launch of the auction process not only marks the beginning of unlocking the country’s coal sector from the ‘decade-long lockdown,’ but aims to make India the largest exporter of coal, Modi said.
Actually, despite being the world’s fourth largest manufacturer, he said that India is the second largest importer of dry fuel.
