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Tenders: 20 critical minerals blocks to be auctioned in next two weeks

Fiinews by Fiinews
November 15, 2023
in Tenders
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Secretary Rao speaking to media in auctioning of blocks.

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Danve says India is moving towards achieving self-reliance in every sector

The Ministry of Mines is in the process of auctioning 20 blocks of critical minerals including lithium and graphite in next two weeks, says Mines Secretary V.L. Kantha Rao.

Interacting with the media, after inaugurating the mining pavilion “Connecting Beyond Mining” at the India International Trade Fair 2023 (IITF) on 14 Nov 2023, he said indigenous technology will be explored for mining and processing of critical minerals.

Meanwhile, Coal and Mines Minister Pralhad Joshi in his virtual message said, “Minerals are integral part of our daily life and mineral serve as raw material for many industries but are also crucial and vital to energy transition to a low carbon-emission economy, and renewable energy technologies that will be required to meet the ‘Net Zero’ commitment as declared by Prime Minister Narendra Modi.”

Complimenting the officials for setting up the pavilion, Minister of State for Coal, Mines and Railways Raosaheb Patil Danve in his virtual message said that India is moving towards achieving self-reliance in every sector and the mining sector is also not behind in realizing this dream.

The Ministry of Mines is participating in the ‘India International Trade Fair’ to showcase the success and opportunities of the mining sector.

Recently the Government has identified a list of critical minerals including new age minerals like Lithium, Cobalt and Titanium, important for meeting the urgent needs of cutting-edge technology sectors like electronics, telecom, transport and defence.

In recent years, the Government has introduced important reforms to open the mining sector for private participation and in particular mineral exploration. Today, there are many accredited private exploration agencies empanelled to step up the pace of exploration in the country.

To create awareness among the general public about the path breaking reforms underway in the mining and mineral sector, the Ministry of Mines is showcasing a state-of- the-art mining pavilion at IITF, Pragati Maidan, from 14 to 27 Nov 2023. Fiinews.com

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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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