Government to allot 62 offshore mineral blocks for mining
Source: PTI The government is in the process of framing regulations for exploration and mining in offshore blocks, which contain minerals such as zirconium, titanium, thorium, tungsten and rare earth elements. Mines Ministry has set up a committee that is framing the rules under the Offshore Development and Regulation Act, a top ministry official has said. “I have constituted a committee under Economic Advisor to frame rules under Offshore Development and Regulation Act. When the rules are framed, we will go for allotment of blocks for offshore prospecting, exploration as well as for mining,” Mines Secretary Balvinder Kumar told PTI. The Geological Survey of India (GSI) carries out surveys in the Exclusive Economic Zone (EEZ) and Territorial Waters (TW) of India to ...
India keen on naval exports to nations in the IOR
Sai Nikesh | The Dollar Business In a move to expand its presence in the Indian Ocean Region (IOR), the Government of India is keen on supporting maritime infrastructure of its friendly countries in the region, by pushing naval exports. The Indian government is all set to commission it’s first-ever export warship-Barracuda, to Mauritius on March 12, 2015, says a report from the Indian Defence & Research Wing (IDRW). Besides this, the Indian government has already cleared exports of 13 other warships to Mauritius and these are expected to be supplied in the coming year. The report further says that the government is also willing to extend a similar maritime support to other small countries in the region, so as ...
