What's Happening?
A parliamentary panel has emphasized the need for seamless coordination among various ministries to enhance India's self-reliance in critical minerals such as lithium, graphite, cobalt, and rare earth elements. These minerals are essential for a technology-driven
global economy and national security. The panel highlighted the importance of the 'Atmanirbhar Bharat' initiative in securing a sustainable supply chain and enhancing industrial competitiveness. The report calls for the Ministry of Mines to work closely with other ministries, state governments, and agencies to maintain competitiveness in the critical minerals sector.
Why It's Important?
The focus on critical minerals is crucial for India's economic growth and technological development, as these resources are vital for sectors like electronics, telecommunications, defense, and energy. Ensuring a stable supply of these minerals is essential for the country's industrial competitiveness and national security. The government's policy reforms, including the identification of 30 critical minerals, aim to boost mineral production and self-reliance. Effective coordination among ministries and agencies is necessary to overcome challenges related to limited availability and regional concentration of these minerals.
What's Next?
The government is expected to continue implementing policy reforms to enhance mineral production and self-reliance. The Ministry of Mines will likely lead efforts to coordinate with other ministries and agencies to ensure a competitive edge in the critical minerals sector. The success of these initiatives will depend on effective collaboration and strategic planning. The outcome could influence India's position in the global market for critical minerals and its ability to support a technology-driven economy.
