Government says issues with The Children's Investment Fund could be solved amicably

NEW DELHI: The coal ministry on Tuesday said there was no need for arbitration with The Children's Investment Fund and the issues could be solved amicably, amid the London-based hedge fund alleging violation of international treaties related to its investments in Coal India.

"I think the matter can be solved without arbitration and amicably," coal secretary Alok Perti said. The development follows The Children's Investment Fund ( TCI), a minority shareholder in Coal India (CIL), serving notice to Indian government for alleged violations of international treaties.

"I have told TCI if they have any issues, they can send us representation. In case of commercial issues like pricing, they should talk to Coal India," Perti said after a meeting with a TCI official.