Premature celebration: Jairam Ramesh slams Centre over delay in auction of lithium reserves in Jammu-Kashmir
Jairam Ramesh on Saturday criticised the Central government for delaying auctions of lithium reserves in Jammu and Kashmir, stating that companies were reluctant to bid due to insufficient exploration data.
In a post on X, Jairam Ramesh noted that on February 13, 2023, the Modi government announced--amid much fanfare--the discovery of what it claimed to be one of the world's largest lithium reserves in J&K.
«In November 2023, the first auctions were held, but the minimum requirement of three bids was not met, leading to the cancellation of the auction. A second round of auctions was announced in March 2024, but by July 2024, it was revealed that not a single bid had been received,» he said.
He added that in October 2024, the Geological Survey of India was tasked with re-exploring what had been touted as one of the largest lithium reserves globally.
«The reluctance of companies to bid was straightforward: the exploration data was highly insufficient. Now, auctions are planned after at least six months, but it could take even longer. This reflects the headline-driven approach of the Modi government--a case of premature celebration!» Jairam Ramesh remarked.
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