New Delhi, Sept. 30 -- The Ministry of Mines will launch the auction of offshore mineral blocks on Thursday (October 1), marking an important step towards unlocking India's offshore mineral potential and strengthening the country's long-term mineral resource security.

As per the Ministry of Mines, "Offshore mineral resources are important in the context of technological advancement, clean energy transition and resilient supply chains. Minerals such as cobalt, nickel, manganese, copper and rare earth elements are important inputs for electric mobility, renewable energy systems, advanced electronics and strategic industries."

"Development of domestic offshore mineral resources can therefore contribute to India's objectives of self-relianc...