No coal imports from next year

India will stop import of substitutable coal from next year because of the bumper coal production which is expected to cross one billion tons, Union minister for coal and mines Pralhad Joshi was quoted as saying according to media reports.

For the first time, the country's coal production is going to cross 1 billion tons and India is going to stop the import of substitutable coal from next year, Joshi said at the second State Mining Ministers' Conference held in Bhopal on January 24th.

There are going to be many difficulties in the coming days as the country will have to do gasification of coal to avert pollution.

Like petroleum and natural gas, the mining ministry is also very important for the country's economy to grow and become the third largest in the world.He said that the mining revenue of Odisha was Rs 5,000 crore in 2013-14 and after the auction was resumed in 2018, it went up to Rs 25,000 crore.

When the Centre liberalized the policies and clearances, the revenue went up to Rs 49,000 crore in 2022-23, he added.

The theme of the conference is 'Mining and Beyond', which had participants from prominent companies of mining, exploration, consultancies and startups. Madhya Pradesh Chief Minister Mohan Yadav also addressed the gathering.

On the occasion, Madhya Pradesh was also given the 'Award of Appreciation' for securing first place in the mineral block auction in the country during 2022-23.