In a bid to capitalise on its underwater assets, the Indian authorities has launched new guidelines for auctioning offshore mineral belongings, aiming to make sure a clear and aggressive course of. Whereas these guidelines characteristic stringent eligibility standards, in addition they simplify the awarding course of. This transfer comes within the wake of the less-than-expected curiosity in important mineral auctions.
The Offshore Areas Mineral (Public sale) Guidelines, 2024, launched on August 16, suggest an ascending ahead on-line public sale for bidding. To boost the public sale’s effectiveness, the federal government has allowed the public sale to proceed even when just one technically certified bidder stays after the