The Indian government has announced the availability of several offshore blocks for mineral exploration and production. This move is aimed at boosting domestic mineral production and reducing reliance on imports. This notification was published on November 6, 2024.
Key Offshore Blocks
The blocks, spread across the Arabian Sea and the Bay of Bengal, are rich in various minerals, including:
- Construction Sand: Blocks off the Kerala coast.
- Lime Mud: Blocks off the Gujarat coast.
- Polymetallic Nodules and Crusts: Blocks in the West Sewell Ridge area, off the Great Nicobar Island.
By exploring and exploiting these offshore mineral resources, India can reduce its dependence on imports and achieve self-sufficiency in critical minerals.
The development of these offshore blocks has the potential to create jobs, stimulate economic growth, and contribute to India’s GDP.
The exploration and extraction of minerals from the seabed requires advanced technologies, which can lead to technological advancements and innovation in the mining sector.
Securing domestic sources of critical minerals is crucial for India’s strategic and economic interests.
This move signifies a significant step forward in India’s efforts to harness its offshore mineral resources and strengthen its position as a global mining player.
