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India Notifies FDI Relaxation Norms in Coal Mining

Coal News - Published on Fri, 20 Sep 2019

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India’s Department for Promotion of Industry and Internal Trade has notified the recent decisions to relax foreign direct investment norms in coal mining. According to the Press Note of the department, 100 per cent FDI is permitted for sale of coal, coal mining activities including associated processing infrastructure subject to the provisions of Coal Mines (Special Provisions) Act, 2015 and the Mines and Minerals (Development and Regulation) Act, 1957.

In the coal sector, now foreign players can invest 100 per cent for mining and sale of coal under the automatic route. They will also be able to carry out other associated processing infrastructure operations related to the sector such as coal washery, crushing, coal handling, and separation (magnetic and non-magnetic).

According to the current FDI policy, 100 per cent foreign investments under the automatic route was allowed for coal and lignite mining for captive consumption by power projects, iron and steel and cement units only.

But, the decision is subject to provisions of the Coal Mines (Special Provisions) Act, 2015, and the Mines and Minerals (Development and Regulation) Act, 1957.

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Posted By : Rabi Wangkhem on Fri, 20 Sep 2019
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