Govt To Put Max Number Of Critical Blocks On Auction

New Delhi: The government on Friday sought participation and support of the industry for the success of the National Critical Mineral Mission and said that it is aiming to put a maximum number of critical blocks on auction by 2031.

The minister also stressed on the need for the country to become self-reliant in critical minerals and said that it can be possible when both government and industry works as a team. “I request you all to participate in his mission so that it becomes successful,” Satish Chandra Dubey, Minister of State for Coal and Mines said while addressing Ficci’s critical minerals mission.

He further said that as many as 24 critical minerals blocks have already been auctioned and the government is aiming to put a maximum number of such blocks on sale by 2031.

“Our aim is to put the maximum number of critical blocks on auction by 2031 and it is not possible without your support,” he stressed. The Union Cabinet, headed by Prime Minister Narendra Modi, last month approved the Rs16,300-crore National Critical Mineral Mission, envisaging a total outlay of Rs34,300 crore spread over seven years with an aim to accelerate India’s journey towards green energy transition. Public sector enterprises are expected to contribute Rs18,000 crore to the National Critical Mineral Mission, which aims at promoting exploration of critical minerals within the country and at offshore locations.