The Center announced on Thursday the launch of a project monitoring unit to facilitate the early operation of coal blocks, a move that may attract bidders during the auction of commercial mines.
The step will help to promote ease of operation in India, as it will facilitate the allocation of coal mines to obtain timely approvals for the operation of the mines.
"Ministry of Coal (MoC) on Monday launched a project monitoring unit (PMU) for facilitation of early operationalisation of coal mines allocated by the central government," the ministry said in a statement.
The official statement added that the move is expected to go a long way towards attracting bidders to the subsequent auction round of commercial blocks.
"This measure will improve the production and business environment in the coal industry," it added.
KPMG has been appointed as a consultant to the Project Monitoring Unit (PMU) through a transparent bidding process.
Coal Secretary Anil Kumar Jain addressed the allocations on the occasion through a video conference and asked them to freely use the consultant's services to sort out their issues so that the production of coal could begin as soon as possible.
PMU has been launched to help the allocation of coal mines in order to obtain the various clearances required from the Center and state government authorities for the operation of coal mines.
This will lead to ramp up coal production in the country, the statement said.
