Ministry of Coal has completed the successful auction of 64 coal mines in the first five tranches and has launched the process for auction of 133 coal mines under 6th round of commercial auctions and 8 coal mines under 2nd attempt of 5th tranche of commercial auctions where single bids were received in the first attempt on November 03, 2022.

Additional Secretary & Nominated Authority, Mr. M. Nagaraju welcomed all the investors and informed the forum about the coal reforms undertaken by Ministry of Coal to improve the attractiveness of the coal auction process and make it more investor friendly. Mr. Amrit Lal Meena, Secretary, Ministry of Coal reiterated the commitment of Ministry of Coal in supporting the coal industry and informed that Ministry of Coal is there to extend any help required by the prospective bidders. He also emphasised that the investors should participate in the coal mine auctions as coal mining business is highly profitable which can be seen from the coal mines which have started coal production under commercial mining.

Shri Vivek Bharadwaj, Secretary , Mines welcomed all the investors and emphasized on exploration and production of minerals beyond iron ore, coal, bauxite and limestone. He emphasized on exploration of critical minerals such as palladium, tantalum and lithium etc., which are used in electronics, telecommunication and green energy.

Shri Raosaheb Patil Danve stated that the Ministry of Coal has transformed the entire auction process of coal mines under the guidance of Prime Minister, Shri Narendra Modi and informed that while ~70% of the power is generated through coal in India, the ministry has also taken various initiatives to reduce carbon footprint considering the environmental impact of coal mining. Shri Pralhad Joshi reaffirmed that the usage of coal is going to stay at least for the next 25-30 years and that India is currently having very low per capita consumption of power as compared to some of the other developed economies in the world and it is estimated that the per capita consumption is going to double by 2040 for which coal is the necessity. The focus of the present government under the guidance of Prime Minister, Shri Narendra Modi is to become net zero carbon emission country by adopting better technological processes. Shri Eknath Shinde ensured that the Government of Maharashtra will actively participate in ensuring timely exploration, auction and operationalisation of the coal mines and ensured full cooperation from the Government of Maharashtra in expanding coal mining related activities in the state.

Mr. Manoj Kumar, CMD, CMPDIL gave a presentation on the technical details of the coal blocks being offered in the largest ever auction process, Mr. Chiranjib Patra, GM, CMPDIL presented on the investment opportunities in the MDO sector and Mr. Shubham Goel, Vice President, SBI Capital Markets delivered a presentation on the terms and conditions of the auction process.

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GeM epitomizes the speed, skill and scale which is essential in an e-marketplace platform said Piyush Goyal in his inaugural address. He further said that GeM rests on the three pillars of openness, fairness and inclusiveness and is a symbol of a truly transparent e-marketplace.

Commerce and Industry Minister hoped that during this conclave a road map for the future of GeM will be put in place that will unify all government procurement, across all Ministries and Departments, of not only Government of India but State Governments and local bodies. He also hoped that during the two-day deliberations an doable agenda will emerge that will help work contracts in the form of tenders to be made available on the GeM portal in future. Further, he urged that, to take the GeM portal to the next level, it may be examined how to ease buy from the GeM platform by contractors and sub-contractors of public sector undertakings, Ministries and Departments.

Commerce and Industry Minister hoped that the target of 5 lakh crore business through the GeM platform is achieved earlier than five years and in the future GeM will also be open for the citizens of India to their necessities so that the average person may help from lower cost of products and services that are available on GeM. However, Commerce and Industry Minister cautioned that quality of products and services must never be compromised and stringent mechanism be put in place for validation of complaints against poor quality of products and services that may be available on the platform.

Piyush Goyal welcomed all suggestions, from thousands of registered organizations for the two-day conclave, to make improvements in the GeM platform particularly in the process of accessing, onboarding and navigating through the platform, so that it leads to more transparency and availability of better quality of products and services. This will enable MSMEs, women entrepreneurs and the smallest of enterprises in the remotest corner of India to onboard products and services on GeM and it will also create a level playing field that promotes fair business practices and genuine competition among buyers.

Sixty-two stalls ranging from IT, electronic items, road safety equipment, security, furniture items, sports goods, health care, telecom, GIS solutions, home appliances and freight services have been put up for the participants and visitors to see during the two-day event.

Talleen Kumar, CEO GeM and other senior officials of GeM and Department of Commerce were present on this occasion.

GeM awards were also given away during the inaugural session. Awards were given to Central Ministries, States and PSUs in categories of super buyer, rising buyer and most compliant buyer (payments). Sellers were also awarded under super seller, seller with most orders, super seller (MSME), seller with most orders (MSME) and most promising startup categories.

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