India’s Ministry of Mines is in the process of preparing a Policy for critical mineral which will include a road map for strengthening the supply chain of critical minerals. The strategy will also identify the responsibilities of different ministries of Govt. of India in ensuring the resilience of the supply chain of critical minerals. Ministry of Mines is also preparing a strategy for recycling of metals which will help to augment the recycling capability and streamline the recycling process and will also work with partner countries to co-develop mineral processing and raw material manufacturing capabilities.
Apart from strengthening the domestic mechanisms, collaborative international efforts through multilateral and bilateral engagements have been made to build a resilient critical minerals value chain. Ministry of Mine is actively engaging in new partnerships and alliances like Minerals Security Partnership (MSP), the Australia-India Economic Cooperation and Trade Agreement (ECTA). Ministry of Mines in coordination with Council on Energy, Environment and Water (CEEW) has conducted virtual session on “Decoding G20 consensus on critical minerals for energy transition.
Powered by Capital Market - Live News