Why in news India has launched its first auction of exploration licenses for 13 blocks of critical minerals . The licences are for the exp...
Why in news
India has launched its first auction of exploration licenses for 13 blocks of critical minerals.
The licences are for the exploration blocks for minerals such as REE (rare earth elements), zinc, diamond, copper, PGE (platinum group minerals) and others.
The auction aims to unlock India's untapped mineral resources.
The government emphasizes the growth of India's mining sector and its emergence as a global player.
Private companies will have exclusive access to explore these blocks, promoting efficiency and innovation.
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