UP to auction 11 mineral blocks in fourth phase

Yogi Adityanath, the chief minister of Uttar Pradesh, launched the fourth phase of mineral block auctions on September 15 in an effort to take use of the state’s abundant natural resources and create jobs.

As part of the government’s strategic purpose to increase the economy of UP, the Geology and Mining Department of the State Government will auction off a total of 11 distinct mineral blocks in the fourth phase.

According to a press release by the Chief Minister’s Office, “Through this initiative, the state government is poised to attract substantial investments and generate employment opportunities on a significant scale. It’s worth highlighting that in 2022, the state government achieved notable success by successfully conducting auctions of four blocks in three phases.”

It is to be noted here that for quite a long time, Uttar Pradesh was dependent on other countries for various minerals, which often posed challenges related to its supply within the state.

“So, the state government decided to use its own resources to meet the state’s needs, in addition to that of other states in the country. This will help stop imports while boosting export prospects in the state,” added the release.

“In the fourth phase, 11 mineral blocks are being auctioned. Of these, a maximum of 10 blocks are in Sonbhadra, while one block is in Lalitpur in Bundelkhand. Sonbhadra includes 5 blocks of andalusite, 2 blocks of gold, and 1 block each of sillimanite, iron ore, and limestone whereas there is a block of iron ore in Lalitpur,” stated the release.

Besides this, Uttar Pradesh will not only become self-reliant in the field of minerals but will also come up with new employment opportunities for the youth of the state through large-scale investment.