In a never before change, active private participation in commercial coal mining is expected to function in India from 2017, according to a hint by Piyush Goyal—the Union Coal and Power Minister –while interacting with the media.
The minister explained that since domestic supply of coal has become abundant, there is no need for continuing with the government restrictions. Coal, thus, could become an openly traded commodity, according to the minister.
He also expressed confidence in seeing good growth in the coal sector in 2017, and imports declining substantially.
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