New Delhi: Tata Sons chairman N Chandrasekaran has urged the government to set up a coal exchange on the lines of the existing commodity exchanges. This will ensure the purchase and sale of coal in a transparent manner.
Chandrasekaran said that this would be a major step in terms of the goal of a $ 5,000 billion economy. Speaking on the auction of coal mines for commercial mining, he said, “The government should consider the concept of coal exchange for those who buy and sell coal on the lines of commodity exchanges.”
He said, “I want to make a suggestion here. But this would be a major step towards the goal of a $ 5,000 billion economy. “Chandrasekaran praised the government’s decision to allow commercial mining of coal, saying it would significantly reduce imports and create employment opportunities. . He said that with such reforms, the coal sector will be able to contribute five percent to the country’s gross domestic product (GDP).