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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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