Mineral Exploration Trust: Centre Urges States to Promote Minor Minerals Discovery

By By Rediff Money Desk, New Delhi
Aug 12, 2024 21:56
India's Coal and Mines Minister calls on states to establish mineral exploration trusts to boost discovery of minor minerals, following the NMET model.
Photograph: Steve Marcus/Reuters
New Delhi, Aug 12 (PTI) Coal and Mines Minister G Kishan Reddy has asked states to consider setting up mineral exploration trusts on the lines of National Mineral Exploration Trust (NMET) in order to encourage discovery of minor minerals, an official statement said on Monday.

Minor minerals include resources that are available at certain specific areas and used at local levels.

The minister urged states to consider setting up State Mineral Exploration Trust to encourage exploration of minor minerals on the lines of National Mineral Exploration Trust (NMET), the mines minister said in a statement.

Reddy assured complete support from the central government and suggested studying models of various states which have already set up similar systems.

The minister also stressed the importance of encouraging startups in the mines sector, particularly in areas like AI, automation, and drone technology.

He emphasised the need for workshops and roadshows to raise awareness of the various NMET schemes and ensure full utilisation of NMET's capabilities.

The minister also deliberated on the need to expedite all ongoing exploration projects in Jammu and Kashmir and all mineral-rich states.

Reddy called for cooperative federalism, urging all state governments to work together to advance India's journey toward self-reliance.
Source: PTI
Read More On:
indiamineral explorationnmetminor mineralsstate mineral exploration trust
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

DRI Seizes Red Sanders Worth Rs 6.26 Cr, 4...

DRI seizes 15 MT of red sanders worth Rs 6.26 crore in Delhi, arrests 4. Illegal export...

UAE Fund to Invest ₹1,000 Cr in Kerala Startups

UAE-based Feeder Fund to invest ₹1,000 crore in Kerala startups over 3 years. Boost...

ECL Aims for 58 MT Output, Mine Closures Planned

Eastern Coalfields Ltd (ECL) targets 58 MT output, plans closure of six underground...

India: Export Potential in Russia

300 Indian products have huge export potential in Russia. Engineering, pharma, agri,...

Gold & Silver Rally: Inflation Data in Focus

Gold and silver prices rally amid inflation data focus. Analysts eye central bank...

India Ranks 3rd in Global AI Vibrancy Index

India ranks 3rd in Stanford University's Global AI Vibrancy tool, surpassing advanced...

EPFOA Urges CPFC: Equip Offices for Compliance

EPFOA urges CPFC to equip field offices with authority & tools to handle default &...

TV Prices to Rise in January: Chip Shortage &...

TV prices are expected to increase in January due to memory chip shortages and a...

India Gems & Jewellery Exports Up 20% in November

India's gems and jewellery exports grew 20% to USD 2.5 billion in November, says GJEPC....

Navi Mumbai Airport: 3rd Runway Feasibility Study

CIDCO invites bids for a consultant to study the feasibility of a third runway at Navi...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com