``Ensure explorations…`` India ramps up critical minerals push, urges private sector to mine overseas
Union Minister G Kishan Reddy on July 03 said the central government is actively encouraging private companies to mine and explore critical minerals overseas and bring them back into the country to serve the needs of the domestic industry. The Union Cabinet in January 2025 approved the launch of the National Critical Mineral Mission (NCMM) with an expenditure of Rs 16,300 crore and an expected investment of Rs 18,000 crore by Public Sector Undertakings. The Quad countries have launched a Critical Minerals Initiative, which will focus particularly on mineral recovery, External Affairs Minister S Jaishankar said on Wednesday. Early this April, China had announced a decision to implement export controls on certain rare earth related itemsAs part of the Atmanirbhar Bharat initiative, and recognizing the indispensable role of critical minerals in high-tech industries, clean energy, and defense, the Government of India has undertaken several initiatives over the past two years to address challenges in the critical minerals sector.
