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DAILY NEWS ANALYSIS

GS-III :
  • 18 June, 2020

  • 5 Min Read

Benefits of commercial Mining

Benefits of commercial Mining

  • Upon attainment of Peak Rated Capacity of production of 225 MT, these mines shall contribute about 15% of the country’s projected total coal production in 2025-26.
  • Employment generation for more than 2.8 lakhs people: Direct employment to approximately 70,000 people and indirect employment to approximately 210,000 people.
  • Expected to generate approximately Rs 33,000 crore of capital investment in the country over next 5-7 years.
  • These mines will contribute Rs 20,000 crores revenues annually to the state governments
  • 100 per cent FDI is likely to bring in international practices, latest technologies and mechanisation in mining operations.
  • Self-reliance with substitution of imports by independent thermal power plants and captive power plants resulting in saving of foreign currency.
  • Boost to the regulated and non-regulated sector by ensuring sustained coal stocks for industries with greater reliability.
  • Moving towards a free market structure with implementation of the National Coal Index.
  • Promoting the practice of efficient use of clean energy and reduce the scourge of environmental pollution with incentive to Coal Gasification & Liquefaction.

Source: PIB


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