India's first-ever auction of exploration licences, a significant reform aimed at unlocking the nation's untapped critical and deep-seated mineral resources, was held in Goa.On Thursday, Union Minister G Kishan Reddy and Chief Minister of Goa Pramod Sawant jointly launched the auction of 13 Exploration Licence blocks,

Union Minister launches nation's first-ever auction of Exploration Licences for critical minerals, marking a new era in mineral exploration.

India opens mineral and rare earth elements exploration to the private sector with 13 acreages up for auction, aiming to unlock untapped resources. The new policy encourages private investment, offering incentives like cost reimbursements and long-term mining leases.