Govt to auction 30 mines in Jharkhand: Goyal | business-news | Hindustan Times
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Govt to auction 30 mines in Jharkhand: Goyal

business Updated: Feb 16, 2017 19:45 IST
Piyush Goyal

Minister for power, coal and renewable energy, Piyush Goyal said that the government will auction 30 m ines in Jharkhand.(HT Archive)

Government plans to auction 30 mines in Jharkhand and the process is likely to start this fiscal, said Coal and Mines Minister Piyush Goyal here today.

“This year itself, we are hoping to auction at least 30 new mines in Jharkhand. It will be in bauxite, gold, diamond, emeralds and iron ore,” he said at the first Jharkhand global investors’ summit.

Asserting that the state has huge potential, Goyal said Jharkhand can promote low-cost manufacturing because of availability of cheap power.

He said the state can promote manufacturing of products related to renewal of energy sectors and production of silicon wafers requires a lot of cheap power.

“I would urge the state to set up a dedicated park for manufacturing of solar equipment,” the minister said.