Govt to launch 1st round of auction of minerals in offshore areas on Nov 28

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Govt to launch 1st round of auction of minerals in offshore areas on Nov 28 - Business Standard

Quick Summary:

"The Ministry of Mines will be launching the first-ever tranche of auction of mineral blocks in offshore areas of India on 28th November 2024," an official statement said.

The government will on Thursday launch the first round of sale of mineral blocks in offshore areas with 13 mines across the Arabian Sea and Andaman Sea set to be auctioned.

The move assumes significance as it will lead to foray into the exploration and development of undersea mineral resources within its offshore area.