Coal India sets to achieve 12th Plan targets
The Indian mining sector will emerge stronger with a better and more transparent mining policy, predicted S K Srivastava, Secretary, Ministry of Coal, Government of India, in his address at the CII Global Mining Summit 2012 at Kolkata. According to the Union Coal Secretary, “The dwindling compound growth rate in the 11th Five-Year Plan has been due to several external factors.” However, Mr Srivastava asserted that Coal India would surely achieve the target it has set for the 12th Five-year Plan.
“Private participation in coal mining has helped private players to appreciate the role played by Coal India. In this context, he added that Coal India, like private players, faces a host of issues such as land acquisition, environmental clearances, etc. and the government is fully apprised of the situation and will undertake all necessary steps to address the concerns,” he observed.