India’s coal mining sector must eventually open up to allow foreign companies to own equity stakes if much-needed domestic production is to rise as fast as possible, state-run MMTC Chairman Sanjiv Bhatra told Reuters on Monday.
“For India as a whole there is no alternative but to open up to foreign investments through privatisation,” he [...]

In a move likely to stir vehement opposition from Left parties, the planning commission has made a strong pitch for denationalising the coal sector in what could turn the clock back to the seventies.
Pressing the case for private investment in the coal sector — which is the exclusive domain of state-owned Coal India and its [...]