6 months ago
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Union Minister G Kishan Reddy volition pb the first-ever auction of limestone mineral blocks, which volition beryllium formally launched present connected Monday with a roadshow, an authoritative said.
Jammu and Kashmir Chief Minister Omar Abdullah and Deputy Chief Minister Surinder Choudhary are besides scheduled to be the event, reflecting beardown Centre-State concern and the strategical value of the inaugural for the region, the authoritative said.
He said the milestone marks a important measurement successful advancing mining reforms introduced nether the Mines and Minerals (Development and Regulation) Act (MMDR Act) successful 2015.
It is besides the archetypal mining artifact auction taking spot successful the Union territory since the implementation of the law, signalling a displacement toward transparency, competitiveness, and sustainable improvement successful the mineral sector, the authoritative said.
A full of 7 limestone blocks, covering astir 314 hectares, person been identified crossed the districts of Anantnag, Rajouri, and Poonch.
Categorised nether G3 (Prospecting) G4 (Reconnaissance) stages of mineral exploration of the United Nations Framework Classification (UNFC), these deposits clasp sizeable imaginable for high-quality limestone captious to cement manufacturing, construction, and different concern applications, the authoritative said.
The auction volition beryllium conducted nether subsections (4) and (5) of Section 11 of the MMDR Act, enabling the cardinal authorities to facilitate the process successful cases wherever authorities oregon Union territory administrations look procedural limitations.
This attack reflects the principles of cooperative federalism, ensuring timely implementation and betterment execution, helium said.
He said the Ministry of mines is committed to carrying retired a transparent, technology-enabled and competitory auction process, with a beardown absorption connected sustainable mining aligned with nationalist biology guidelines.
“This inaugural is expected to pave the mode for occupation creation, gross growth, concern expansion, and caller economical opportunities for section communities advancing Jammu and Kashmir’s improvement trajectory and contributing to the nationalist imaginativeness of Viksit Bharat 2047,” the authoritative said.
