India's Mineral Exploration Accelerates: GSI, States Urged to Speed Up
By Rediff Money Desk, NEWDELHI Jan 22, 2024 20:58
The Indian government is pushing for increased exploration of mineral blocks, urging GSI and state agencies to expedite the process. Critical minerals are a key focus.
New Delhi, Jan 22 (PTI) The government on Monday asked the Geological Survey of India (GSI) and other agencies to speed up exploration of mineral blocks.
Speaking at the 63rd Central Geological Programming Board (CGPB) meeting, Mines Secretary V L Kantha Rao urged state governments to be more aggressive in the implementation of exploration projects through the National Mineral Exploration Trust (NMET) funding.
The GSI and other exploration agencies should increase the pace of exploration of critical minerals, Rao said.
He further urged stakeholders to make use of geoscience data available in the National Geoscience Data Repository (NGDR) portal for a smooth exploration process, the mines ministry said in a statement.
The GSI has formulated about 1,055 scientific programmes for 2024-25, including 392 mineral development projects that have the potential to generate auctionable mineral blocks, in the near future.
Speaking at the 63rd Central Geological Programming Board (CGPB) meeting, Mines Secretary V L Kantha Rao urged state governments to be more aggressive in the implementation of exploration projects through the National Mineral Exploration Trust (NMET) funding.
The GSI and other exploration agencies should increase the pace of exploration of critical minerals, Rao said.
He further urged stakeholders to make use of geoscience data available in the National Geoscience Data Repository (NGDR) portal for a smooth exploration process, the mines ministry said in a statement.
The GSI has formulated about 1,055 scientific programmes for 2024-25, including 392 mineral development projects that have the potential to generate auctionable mineral blocks, in the near future.
Read More On:
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
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- ARC Finance
- 1.51 (+ 2.72)
- 99106131
- Vodafone Idea L
- 8.27 (+ 1.72)
- 37910491
- Guj. Toolroom Lt
- 18.98 (+ 4.98)
- 33052379
- Srestha Finvest
- 0.81 ( -2.41)
- 24087791
- Filatex Fashions
- 0.69 ( -4.17)
- 20455844
MORE NEWS
Adani Wilmar to Emulate ITC, Expand FMCG Portfolio
Adani Wilmar, India's largest edible oil company, plans to leverage its core business...
India to Boost Exports: 20 Nations Meet Jan 6-8
Indian officials from 20 countries will meet in New Delhi to discuss strategies to...
Karur Vysya Bank Expands in Tamil Nadu with Two...
Karur Vysya Bank has opened two new branches in Tamil Nadu, bringing its total branch...