India is rapidly positioning itself as a global leader in the critical minerals sector, essential for advancing clean energy technologies and achieving sustainable economic growth. The government’s proactive initiatives and strategic collaborations are central to this transformation.
A cornerstone of India’s strategy is the forthcoming National Critical Mineral Mission (CMM), announced by Union Mines Minister G. Kishan Reddy. This mission aims to enhance domestic production, reduce import dependence, and encourage offshore mining auctions, thereby strengthening India’s self-reliance in critical minerals.
In June 2023, the Ministry of Mines released a comprehensive list of 30 critical minerals vital for various industrial sectors, including high-tech electronics, telecommunications, transport, and defense. This list serves as a guiding framework for policy formulation, strategic planning, and investment decisions in the mining sector.
To further bolster its critical mineral reserves, India is set to commence its first offshore mineral auction, offering 48 blocks for exploration. This initiative is expected to attract significant investments and technological advancements in the mining sector.
International partnerships are also a key component of India’s strategy. The country has proposed a Critical Mineral Partnership Agreement with the United States, aiming to strengthen supply chains for essential minerals like lithium and cobalt, which are crucial for electric vehicles and clean energy applications.
Through these comprehensive efforts, India is not only securing the resources necessary for its energy transition but also establishing itself as a pivotal player in the global critical minerals landscape.
