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Need for increase in mineral exploration activities in eastern states: Govt

The Centre has urged Odisha and its neighbouring states to explore untapped mineral resources in order to cater to rising demand and reduce import bills.

India is a mineral-rich country (its geological potential is similar to Western Australia) but mines only 2 per cent of its potential

Press Trust of India Bhubaneswar

The Centre has urged Odisha and its neighbouring states to explore untapped mineral resources in order to cater to rising demand and reduce import bills.

The mines departments and state PSUs have also been advised to actively participate in exploration activities and submit proposals for funding, an official release said.

The Geological Survey of India (GSI) made a presentation on potential areas for mineral exploration in Odisha, West Bengal and Bihar and Jharkhand at a workshop in Bhubaneswar on Thursday, it said.

The event was organised by the Ministry of Mines in collaboration with the GSI and the Mineral Exploration Corporation Ltd (MECL).

 

To meet the growing demand and to keep the import bill down, there is a need to increase exploration activities, the release said.

The ministry of mines will extend all possible cooperation to state governments in this endeavour, it added.

Detailed presentations on project formulation, approval and execution mechanism through the National Mineral Exploration Trust were also made at the workshop.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Sep 17 2021 | 2:37 PM IST

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