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ActArchiveFriday, 11 August 2023

Offshore Areas Mineral (Development and Regulation) Amendment Act, 2023

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Central or state Act — primary legislation passed by the legislature. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
Opens up India's Exclusive Economic Zone for commercial mining of offshore minerals. Establishes a framework for granting licences and leases for offshore mineral exploration and production.
Key Facts
TypeAct
SourceHistorical Record
PublishedFriday, 11 August 2023
Affected Population1.4 billion consumers, 300 million without reliable power
Key Numbers
500 GW non-fossil fuel capacity target by 2030
Saubhagya: 100% household electrification
175 GW renewable energy installed (2025)
Merchandise exports: $437 billion (2024-25)
Key Authorities
Ministry of PowerMinistry of New & Renewable EnergyCEAMinistry of Commerce & IndustryDPIIT
Key Stakeholders
Power ConsumersDISCOMsCoal IndustryExportersImportersMSMEs
Government Context
NDA IIBJP-led NDA
Right
LeftCentreRight
Amendment History
2 changes recorded for this policy.
TypeSunday, 19 July 2026via historical
policy
act
SectorsTuesday, 11 August 2026via historical
Social Protection
Energy, Trade & Commerce
Explore Sectors
Energy109 tracked→Trade & Commerce146 tracked→
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