Latest News | Huge Potential of Offshore Minerals to Meet Critical Resources Demand: Mines Ministry

New Delhi, Dec 18 (PTI) The mines ministry on Wednesday stressed on the huge potential of offshore minerals to meet the growing demand for critical resources.

Speaking during a webinar on the country's maiden e-auction of offshore mineral blocks, Mines Joint Secretary Vivek Kumar Bajpai stressed on how this transformative step will boost India's self-reliance while opening avenues for global investments.

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He urged international mining companies to grab the opportunity and contribute to a sustainable and resource-secure future for India, the mines ministry said in a statement.

The webinar also featured a detailed presentation by SBICAPS, who explained the auction process, including tender conditions, bidding timelines, and participation requirements.

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The government last month launched the first round of auction of mineral blocks in offshore areas with 13 mines -- three lime mud, three construction sand and seven polymetallic nodules and crusts -- being put on sale.

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