Is Union Minister Reddy Leading the First Limestone Block Auction in J&K?
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Synopsis
Union Minister G. Kishan Reddy's presence in Jammu marks a significant milestone as he leads the first-ever auction of limestone blocks, enhancing development in Jammu and Kashmir. This initiative not only promotes transparency in mining but also aims to create jobs and boost the local economy, aligning with the national vision for a developed India by 2047.
Key Takeaways
- First-ever auction of limestone blocks in Jammu and Kashmir.
- Promotes transparency and sustainability in mining.
- Expected to create jobs and boost local economy.
- Aligns with the national vision of Viksit Bharat 2047.
- Reflects cooperative federalism principles.
Jammu, Nov 24 (NationPress) Union Minister for Coal and Mines, G. Kishan Reddy arrived in Jammu on Monday to oversee the inaugural auction of limestone mineral blocks, marking a pivotal initiative for the development of Jammu and Kashmir (J&K).
Reddy, alongside Chief Minister Omar Abdullah, attended the event at the convention centre located on Canal Road in Jammu.
Officials characterize this auction as a strong representation of the collaboration between the Centre and the State, highlighting its importance for J&K's development.
“This milestone signifies a crucial advancement in the mining reforms initiated under the Mines and Minerals (Development and Regulation) Act (MMDR Act) of 2015.
“It is also the first mining block auction conducted in the Union Territory following the law's enactment, indicating a transition towards transparency, competition, and sustainable development in the mineral sector.
“Seven limestone blocks have been earmarked, covering around 314 hectares across the districts of Anantnag, Rajouri, and Poonch.
“These deposits are classified under G3 (Prospecting) and G4 (Reconnaissance) stages of mineral exploration as per the United Nations Framework Classification (UNFC), possessing significant potential for high-quality limestone essential for cement production, construction, and various industrial uses.
“The auction will proceed under subsections (4) and (5) of Section 11 of the MMDR Act, allowing the Central Government to assist when State or Union Territory authorities encounter procedural challenges.
“This methodology embodies the principles of cooperative federalism, facilitating timely implementation and reform execution.
“The Ministry of Mines is dedicated to executing a transparent, technology-driven, and competitive auction process, emphasizing sustainable mining aligned with national environmental standards.
“This initiative is anticipated to foster job creation, revenue growth, industrial expansion, and new economic prospects for local communities, propelling Jammu and Kashmir’s development forward and contributing to the national vision of Viksit Bharat 2047,” officials noted.
Point of View
This event signifies a pivotal moment for the development of Jammu and Kashmir, emphasizing the importance of cooperative federalism. The auction showcases the government's commitment to enhancing the mining sector while ensuring sustainable practices, which can lead to economic growth and job creation in the region.
NationPress
24/11/2025
Frequently Asked Questions
What is the significance of the limestone block auction in J&K?
The limestone block auction is a significant initiative that aims to enhance transparency in mining, promote sustainable development, and create job opportunities in Jammu and Kashmir.
Who is overseeing the limestone auction?
Union Minister for Coal and Mines, G. Kishan Reddy, is leading the first-ever auction of limestone mineral blocks in Jammu.
How many limestone blocks are being auctioned?
A total of seven limestone blocks covering approximately 314 hectares have been identified for auction across Anantnag, Rajouri, and Poonch districts.
What are the expected benefits of this auction?
The auction is expected to foster job creation, revenue growth, and industrial expansion, contributing to the economic development of local communities.
When was the MMDR Act enacted?
The Mines and Minerals (Development and Regulation) Act (MMDR Act) was introduced in 2015.
