Speaking to IM, the head of business development and planning at Mineral Exploration Corp. Ltd (MECL), BL Mallikarjun, said: "Auctioning off mining is a topic of national interest, as the government wants to speed up the process of optimum mineral utilisation and invite private investors to explore the potential opportunities." According to a report published by India's Economic Times, the government also plans to tap Indian rupee (INR) 450-500 crore ($67-74m*) revenue from the National Mineral Exploration Trust - a body that seeks to enhance Indian exploration activities.
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