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Mineral Blocks Auction: This strategic move is part of India's broader goal to strengthen its critical mineral supply chain for energy transition and to achieve its net-zero target by 2070.
'This is a landmark initiative that will boost our economy, enhance national security and support our transition to a clean energy future,' says Ministry of Mines
India News: The Ministry of Mines is set to launch the first-ever tranche auction of critical and strategic minerals on November 29. Union Minister of Coal, Mines
Auction Of Minerals: India has committed to achieving 50% of its cumulative electric power installed capacity from non-fossil sources by 2030, driving the demand for electric cars, renewable energy projects, and battery storage systems, read the press release.
Get latest articles and stories on Business at LatestLY. According to a press release by the Ministry of Mines, Union Minister of Coal, Mines, and Parliamentary Affairs, Pralhad Joshi, will inaugurate this historic initiative, marking a significant step towards enhancing India's economic strength, national security, and facilitating the nation's transition to a clean energy future. Business News | Ministry of Mines to Kickstart First Tranche Auction of Critical and Strategic Minerals.