The President said that it is incumbent on nations the world over to move in the path of sustainable growth.
"In this model, growth and development depends not only on the availability of mineral resources but also on their judicious exploitation. The near surface mineral deposits are depleting very fast. Hence, the geo-scientific community has to step up to meet the demand for future resources by finding deeper sources for the minerals we require", Mr. Mukherjee noted.
He said that special emphasis also has to be given for discovery of strategic and critical minerals to make the nation self reliant and reduce dependence on imports from external sources for our strategic needs.
"While addressing the resource needs of the country, we have to also keep in mind the off-shore regions which hold enormous potential for phosphorites, gas hydrates and seafloor massive sulphides", he said.
Among the dignitaries present on the occasion were Piyush Goyal, Minister of State (I/C) for Power, Coal, New and Renewable Energy and Mines; Arun Kumar, Secretary, Ministry of Mines; Ashutosh Sharma, Secretary, Department of Science and Technology and M Raju, Director General, Geological Survey of India.