Key points
- The Ministry of Mines approved GSI’s proposal to procure two coastal vessels as replacements for existing ones.
- The project is estimated to cost Rs.245.07 crore.
- GSI has already established large heavy mineral resources within the territorial waters of India’s East and West coasts.
- The new vessels are meant to operate beyond territorial waters to collect baseline data and identify mineral potential areas.
The Ministry of Mines has approved the proposal of the Geological Survey of India (GSI) to procure two coastal vessels as a replacement to the existing vessels here today. The project is at an estimated cost of Rs.245.07 crore.
The induction of these two coastal vessels will augment the exploration activities of GSI in the marine domain which has already established huge resources of heavy minerals within the territorial waters of East and West coast of India. The proposed vessels are intended to go further deep beyond the territorial waters for collecting baseline data as well as identifying mineral potential areas.
