New Delhi: The Ministry of Mines is poised to unveil the nation's first "Critical Minerals List" in an effort to reduce import dependencies, bolster supply chain resilience, and align with the country's net zero objectives, said the Ministry in a statement. Union Minister of Coal, Mines & Parliamentary Affairs, Pralhad Joshi will officially release the list at a ceremony to be held at the India International Centre in New Delhi on June 28, the statement added.
The event will witness the presence of esteemed dignitaries, including Minister of State for Mines, Coal & Railways, Raosaheb Patil Danve, as well as foreign dignitaries, industry representatives, subject matter experts, and senior government officials, said the statement. The ceremony will feature a short documentary highlighting key highlights of the Critical Minerals list, and selected major critical minerals will be displayed during the event, the statement added.
The release of the Critical Minerals List signifies a significant milestone in India's pursuit of self-reliance and security in the domain of mineral resources, said the statement. This comprehensive list has been meticulously compiled to identify and prioritise minerals that are crucial for various industrial sectors, including high-tech electronics, telecommunications, transport, and defense. The list will provide a guiding framework for policy formulation, strategic planning, and investment decisions within the mining sector, the statement added.
This initiative is in line with the government's commitment to achieving a "Net Zero" target for India, and it underscores the vision of creating a robust and resilient mineral sector. The Critical Minerals List aims to support the nation's quest for self-sufficiency by reducing dependency on imports and ensuring a reliable supply of essential minerals, the statement added.
Furthermore, it is noteworthy that India has recently joined the esteemed Mineral Security Partnership (MSP) as a partner, strengthening critical mineral supply chains, said the statement. The government's efforts to prioritise critical minerals align with global trends and reinforce the country's commitment to sustainable development and responsible resource management, it added.
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