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The Indian government has reportedly restricted the participation of China and other countries with land borders with China from commercial coal auctions
.
India's Ministry of Coal has issued errata to a tender document issued in June for commercial coal mining
.
The Government of India has reviewed the existing foreign direct investment (FDI) policy and amended paragraph 3.
1.
1 of the FDI Consolidation Policy 2017
.
According to the amendments, "any entity of a country bordering India or the entity or resident of the beneficial owner of an investment in India may only make an investment
within the limits prescribed by the Government.
" ”
In June, Indian Prime Minister Narendra Modi launched an auction process
for 41 coal blocks for commercial mining.
India's parliament passed a commercial mining bill in March that would open up the coal sector
to all domestic and international mining companies.
In January, India's environment ministry approved 10 coal mine projects
with an annual capacity of 160Mtpa.
The Indian government has reportedly restricted the participation of China and other countries with land borders with China from commercial coal auctions
.
India's Ministry of Coal has issued errata to a tender document issued in June for commercial coal mining
.
The Government of India has reviewed the existing foreign direct investment (FDI) policy and amended paragraph 3.
1.
1 of the FDI Consolidation Policy 2017
.
According to the amendments, "any entity of a country bordering India or the entity or resident of the beneficial owner of an investment in India may only make an investment
within the limits prescribed by the Government.
" ”
In June, Indian Prime Minister Narendra Modi launched an auction process
for 41 coal blocks for commercial mining.
India's parliament passed a commercial mining bill in March that would open up the coal sector
to all domestic and international mining companies.
In January, India's environment ministry approved 10 coal mine projects
with an annual capacity of 160Mtpa.
