Assam enters national auction map as northeast’s mineral potential unveiled

Assam is stepping into the national spotlight as it gears up to auction its rich limestone blocks, marking a significant milestone in the exploration of the northeast's mineral potential. This move positions Assam as a key player in India's mining sector, with the state's mineral resources gaining attention for their untapped economic promise. The auctions are expected to attract major industry players, eager to invest in the region's burgeoning mineral landscape. In a strategic push to streamline resource management, the Assam state cabinet has approved the establishment of the Assam State Mineral Trust. This initiative aims to ensure responsible mining practices and equitable distribution of mining benefits across local communities. The trust will oversee the sustainable development of mineral resources, balancing economic growth with environmental stewardship and social responsibility. The central government has pledged its support for Assam's ambitious mining plans, underscoring the importance of the northeast's mineral wealth in the national context. This collaboration between state and Centre is set to bolster Assam's infrastructure and economic prospects, opening new avenues for job creation and regional development. As Assam embarks on this transformative journey, the spotlight remains on how the state will harness its mineral potential to drive long-term prosperity.

— Authored by Next24 Live