Mamata Banerjee writes to PM Modi; shares reservations over FDI in Coal Mining

West Bengal Chief Minister Mamata Banerjee wrote to Prime Minister Narendra Modi over her reservations on Centre's allowance of 100 percent Foreign Direct Investment(FDI) in coal mining, associate processing, and selling of coal. Chief Minister was of opinion that Prime Minister should intervene and reconsider decision for general good of all.

“At time when world’s largest coal mining company Coal India Limited(CIL) is producing 8-% of our coal with Profit Before Tax of Rs.27000 crore(2018-19) and holding a Reserve of Rs.31,000 crore, decision of Central government to relax FDI restrictions demeans capability of CIL . Moreover allowing 100% FDI in Coal for MNCS will carry a wrong mess as it would contrict very essence of ‘Atmanirhar Bharat’ and would also kill vision of self-reliant policy that we have been following since beginning." re CM Banerjee's letter to PM Modi's Delhi office.

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letter questions Central Government's "Atmanirbhar Bharat" scheme

West Bengal Chief Minister also stated that moving desk offices of four subsidiary companies of Coal India Limited from Kolkata to ir respective hequarters in or areas will be extremely detrimental to interests of all stakeholders of coal sector. 

Her displeasure was imminent when she termed decision 'abrupt' to shift desk office of four of its subsidiary companies - Bharat Coking Coal Ltd, Central Coalfields Ltd, South Easter Coalfields Ltd and Mahani Coalfields Ltd from Kolkata to ir respective hequarters.

letter questions Central Government's "Atmanirbhar Bharat" scheme wherein, indigeus products and functioning would be boosted. Miss Banerjee spoke of how a 100 percent FDI in Coal would be contrictory to essence of "Atmanirbhar Bharat."

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