India’s coal ministry will launch the auction process of 41 blocks for commercial mining on Thursday. With an aim to achieve self-sufficiency in meeting energy needs and boost industrial development.

Prime Minister Narendra Modi will address the launch event through video conferencing and outline his vision to achieve self-reliance in the mining sector. Coal and mines minister Pralhad Joshi will also be present during the launch event.

The commercial mining of these coal blocks is expected to generate approximately INR 33,000 crore of capital investment. In the country over the next five to seven years, the coal ministry said in a statement. These blocks will contribute INR 20,000 crore revenues annually to the state governments.

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