India is actively exploring critical minerals in Zambia, the DRC, and Australia to secure essential resources for its energy transition and manufacturing goals. This initiative aims to lessen the country’s dependency on imports and focuses on key minerals necessary for electric vehicles and renewable energy technologies. India is also developing a domestic framework for mineral exploration and processing to strengthen its position in global supply chains.
India is expanding its search for critical minerals in Zambia, the Democratic Republic of Congo (DRC), and Australia to bolster its energy transition and manufacturing capabilities. This initiative is vital for decreasing the nation’s reliance on imports, as emphasized by a senior government official who provided insights under the condition of anonymity. The focus is on securing essential minerals such as copper, cobalt, lithium, and rare earth elements, which are crucial for electric vehicles and renewable energy infrastructure.
In alignment with its objectives, India aims to establish joint ventures and acquisition agreements with local mining entities in these resource-abundant countries. This strategy not only supports India’s ambitions in the clean energy sector but also mitigates the risks associated with supply chain disruptions, particularly given that critical minerals are often dominated by a limited number of producing nations.
India’s pursuit of these minerals occurs amid escalating global competition, driven by a surge in demand linked to the rapid development of electric vehicles and renewable energy technologies. In addition to international efforts, the Indian government is developing a comprehensive domestic framework for exploration, mining, and processing of these critical resources within its own territory.
Experts believe that diversifying mineral supply sources will enhance India’s ability to manage the complexities of global critical mineral supply chains, which have gained heightened relevance to national security and economic strategies among major nations.
In summary, India is proactively seeking critical minerals in strategic locations to ensure a reliable supply for its energy transition and manufacturing sectors. This initiative aims to reduce dependency on imports while positioning India as a key player in the global clean energy landscape. Through both international engagement and domestic support, India is striving to navigate the intricate geopolitical landscape surrounding mineral resources crucial for future technological advancements.
Original Source: www.autocarpro.in
