The event marked a significant step in unlocking the mineral potential of India's offshore regions, bringing together industry leaders, key stakeholders, and government representatives, a press release from the Ministry of Mines stated.
The Ministry of Mines is set to organize a roadshow in Porbandar, Gujarat on Saturday, to highlight India's maiden e-auction of offshore mineral blocks.
As part of the Ease of Doing Business (EODB) initiative, the Gujarat state government has introduced an application-based system for quickly granting leases for minor minerals on private land. So far, the state government has successfully auctioned 25 major mineral blocks, with intent letter
According to a statement by the ministry, Union Minister of Coal and Mines G Kishan Reddy and Minister of State for Coal and Mines Satish Chandra Dubey will inaugurate this tranche on Monday at the Scope Convention Centre, CGO Complex here.
First Tranche of auction of 20 critical and strategic mineral blocks was launched by the Union minister of Parliamentary Affairs, Coal and Mines, Pralhad Joshi on November 29, 2023.
During the program, CM Yadav also received a certificate for Madhya Pradesh securing the first position in the country for the best performance in the auctioning of mineral blocks. Notably, the state stood first in the country by auctioning 29 mining blocks.
India in June this year identified 30 critical minerals taking into account its requirements for sectors like defence, agriculture, energy, pharmaceutical, and telecom and in line with its Atmanirbar (self-reliance) roadmap.
In a bid to harness the wealth of mineral resources within Uttar Pradesh, Uttar Pradesh Chief Minister Yogi Adityanath commenced the fourth phase of mineral block auctions on September 15 that will open doors to investment and job opportunities.
The District e-Auction committee, under the Chairpersonship of Deputy Commissioner Avny Lavasa, successfully conducted the e-Auction of three minor mineral blocks located in Tawi River on Tuesday.
District Magistrate, Salal, Babila Rakwal on Friday said it is a moment of happiness for the entire Country. "Lithium is imported. It is used in electric cars, laptops and Mobiles, "Rakwal added.