Coal Minister Shriprakash Jaiswal is quoted as saying in a media that the government is prepared to divide the largest coal miner in the world Coal India (CIL) into smaller companies.
The resulting small companies would compete with each other if experts feel that such a move is good for the country, the minister is quoted as saying.
In order to boost output, competition and efficiency, the government would support public-private partnership (PPP) in coal sector, the minister has reportedly said.
Such a move would also reduce the scope of allegations of misconduct, which have haunted the allocation of coal blocks, the minister said.
Further, the minister said experts in the sector are considering the advantages of spinning off Coal India’s subsidiaries into independent companies to inject competition in the state-controlled sector.
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