The Government on Wednesday said the auction of mineral blocks has stabilised in the country as 186 mines have been put on sale so far.
Of the 186 mineral blocks, 28 were auctioned in the last two months and 46 were successfully sold in FY22, Mines Joint Secretary Veena Kumari Dermal said.
“186 to be precise blocks are allocated through auction. I am very happy to say that out of this, 46 (mineral blocks) were (auctioned) last year and this financial year in the first two months we have completed auction of 28 blocks. So, auction is stabilised in the country,” she said during ‘India Sweden Mining Day’ here.
The state Governments, she said, are getting a very good share of revenue from the auctions and stressed that those states which were early birds in the whole race were really happy. The Indian mining sector is vibrant, dynamic and has very good players, she said, and expressed hope that “the Swedish companies will also take part.”
Swedish companies, she said, are providing technological and automation support to the Indian mining industry.
“Hope today's meeting will help us to kick-start the cooperation and take it forward,” she added.