India invites foreign investment in coal sector
03 Aug 2012
India has invited foreign participation in the modernisation and technology upgradation of coal mines as the country takes all efforts to boost growth of the energy sector.
Addressing foreign investors in Hong Kong, coal minister Sriprakash Jaiswal said India was making all efforts to boost growth in the energy sector and that modernisation and technology upgradation plans are in pipeline to achieve the desired growth in coal production.
Foreign investors can participate in these efforts by making investment in coal mining and related infrastructure, he said.
He was addressing an investor meet organised by Infrastructure Development Financial Corporation Ltd (IDFC).
The minister is heading a delegation comprising senior official of his ministry and chairman of CIL, for road shows at Singapore and Hon Kong to attract foreign investors in infrastructure development in India.
Jaiswal briefed investors about the efforts being made by the government of India to accelerate economic growth by increased investments in infrastructure sector industries, including in power, railways, roads, shipping, civil aviation and coal.
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