BS EDIT: India’s critical mineral push: Securing supply chains

Why does India need this mission?

• Essential for batteries, semiconductors, and energy

• Pandemic exposed supply chain vulnerabilities

• Ensuring a steady supply is key for economic security

What is the plan?

• Govt to invest Rs 16,300 crore, PSUs Rs 18,000 crore

• Focus on reliable, long-term supply of critical minerals

• Aim: reduce import dependence and boost domestic capacity

China’s dominance & India’s challenge

• China controls most global mineral processing

• India must build self-reliant supply chains

• Securing resources is key to economic and strategic stability

India’s approach

• Domestic reserves need exploration & investment

• Some located in biodiversity-sensitive areas

• Overseas partnerships with Argentina, Australia for lithium, cobalt

Private sector’s role

• Govt-backed KABIL leading overseas investments

• Private players must step up to secure supply chains

• Mineral prices projected to rise 20-50x by 2050—big opportunity

What’s next?

Private participation is key to mission success

More funding & tech needed for domestic exploration

Strengthening mineral security will drive India’s future growth