Continuing discussion abt foreign companies being invited to explore Indian natural resources and why only auction will grant the right to start the production:
Interview with power and cola minister. Q- What's the future for commercial mining? Can big companies come in?
A- We want to resolve the issue at hand first. The big companies can come today too. The doors are open. But they are willing to explore only if you give them the subsequent mining licence too. I cannot do that. I suggested to them that we are willing to pay for the exploration. Let us see what's available and then through transparent ways we can call for bids. I plan to strengthen the Central Mine Planning and Design Institute Limited. I am also looking at involving the private sector to demark the coal reserve.
