India, June 23 -- The Government of India issued the following news release:
Last month, India auctioned its first-ever potash block, with an aim to cut import dependence on agriculture fertilizers and, thereby, ensure our nation's food security. Such is the potential of our vast mineral wealth; it touches each and every nerve of a progressing nation. To realise the prospects available holistically, the past decade has witnessed an era of unprecedented reforms, marked by transparency, efficiency, and ambition.
The first step towards this goal was to rid the sector from outdated policies that hindered private enterprise. Today, since the introduction of the auction regime, over 500 mineral blocks have been auctioned to date and 119 have be...