Kochi, Kerala: In a landmark initiative, the Ministry of Mines hosted a roadshow today at The Renai, Kochi, to promote the maiden e-auction of offshore mineral blocks. This event marks a pivotal step in India’s efforts to harness the vast resource potential within its Exclusive Economic Zone (EEZ).
The roadshow witnessed enthusiastic participation from industry leaders, policymakers, and stakeholders, alongside government officials. It highlighted the Ministry’s commitment to fostering sustainable offshore mining and unlocking critical resources for economic growth.
Vision for Offshore Mining
In his welcome address, Shri Vivek Kr. Bajpai, Joint Secretary, Ministry of Mines, emphasized the transformative nature of India’s first offshore mineral block auction. He spotlighted the potential of key resources such as construction sand, lime-mud, and polymetallic nodules, which are essential for achieving self-reliance in critical minerals.
Shri V.L. Kantha Rao, Secretary, Ministry of Mines, expressed optimism about India’s emerging leadership in offshore mining. He noted, “India is on the path to becoming a global leader in offshore mineral exploration. These abundant resources will cater to domestic demand while positioning India as a major player on the global mining stage.” He also highlighted the auction’s transparent and competitive process as a means to attract investments, encourage innovation, and drive sustainable economic growth.
Kerala’s Strategic Role in Offshore Mining
Shri A.P.M. Mohammed Hanish, Principal Secretary of the Industries Department, Government of Kerala, underscored Kerala’s strategic importance in the offshore mining sector. Highlighting the state’s vast deposits of construction sand, he reiterated Kerala’s commitment to fostering investor-friendly and sustainable mining practices.
Key Presentations and Discussions
The roadshow featured technical presentations and live demonstrations by key stakeholders:
- SBICAPS: Provided detailed insights into the e-auction process, including registration steps, timelines, and participation requirements.
- Geological Survey of India (GSI): Presented findings on the immense potential of construction sand deposits off Kerala’s coast and other offshore mineral resources.
- MSTC: Conducted a live demonstration of the advanced e-auction platform, showcasing its transparency and seamless user experience.
Promising Offshore Blocks in Kerala
Three identified offshore blocks in Kerala were the center of attention, particularly for stakeholders in the mining, construction, and infrastructure sectors. Participants expressed keen interest in these blocks, which hold substantial potential for bolstering the state’s construction and infrastructure industries.
Sustainable Growth Through Innovation
The event served as a platform for fruitful discussions on fostering collaboration among industry leaders. The initiative reflects the government’s commitment to innovation, transparency, and sustainability in the mining sector, paving the way for efficient offshore resource utilization.
For more details on the auction process and identified mineral blocks, visit the MSTC auction platform: https://www.mstcecommerce.com/auctionhome/mlcln/.
