FDI in commercial mining from neighbouring countries needs govt nod | Editorji
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FDI in commercial mining from neighbouring countries needs govt nod

Aug 04, 2020 11:22 IST

The Centre on Monday clarified that any foreign direct investment in commercial coal mining from an entity of a country that shares a land border with India will be allowed only after government approval.

The Central Government had amended FDI Policy 2017 to permit 100% FDI under automatic route in coal mining activities.

Prime Minister Narendra Modi launched the auction process of coal blocks for commercial mining in June.

Global Business