India News | Centre Okays GSI's Proposal to Purchase 2 Coastal Vessels
Get latest articles and stories on India at LatestLY. The Centre on Thursday said it has given its go-ahead to a proposal by the Geological Survey of India (GSI) to purchase two coastal vessels costing Rs 245.07 crore.
New Delhi, Dec 22 (PTI) The Centre on Thursday said it has given its go-ahead to a proposal by the Geological Survey of India (GSI) to purchase two coastal vessels costing Rs 245.07 crore.
The induction of these vessels will increase the exploration activities of GSI in the marine sphere which has huge resources of heavy minerals within the territorial waters of the east and west coast of the country, it added.
"The Ministry of Mines has approved the proposal of the Geological Survey of India 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," according to an official statement.
The proposed vessels are planned to go further beyond the territorial waters for collecting baseline data as well as identifying mineral potential areas.
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)