New Delhi: Union Minister for Coal and Mines, G. Kishan Reddy, said on Thursday that India is working in mission mode to achieve mineral security and reduce import dependence, supported by ₹Rs2,000 crore under the National Critical Mineral Mission.
Speaking at the 2nd edition of “Indian Critical Minerals Landscape: Foundation for a Sustainable Future” organized by the Federation of Indian Chambers of Commerce & Industry (FICCI) in New Delhi, Reddy emphasized the strategic importance of critical minerals for the country’s green transition and key sectors such as defence, solar energy, medical technology, aerospace, and nuclear energy.
He highlighted that under the leadership of Prime Minister Narendra Modi, India is implementing reforms to make the country an attractive destination for critical minerals.
States are cooperating beyond political lines, and partnerships with countries including the US, France, and Canada are being strengthened to ensure that critical minerals serve global development rather than remain concentrated in a few nations.
Reddy, in a post on X, said the government is focused on building a robust value chain from exploration to processing and refining.
He added that over 4,000 exploration activities have been initiated, with 41 private agencies funded through the National Mineral Exploration Trust for the first time. Further, 24 critical minerals now enjoy 100% import duty exemption, while the Rs7,280 crore REPM scheme is expected to boost domestic manufacturing.
The minister also stressed the importance of recycling, research, AI-based solutions, innovation, and skill development. He pointed out key outcomes such as 612 mineral blocks auctioned and faster clearances enabling projects like Assam’s greenfield mining production within nine months.
At the event, FICCI also launched a portal on global critical mineral assets. The launch was attended by Ed Jager, High Commissioner of Canada in India, senior FICCI leadership, and industry representatives.
Reddy congratulated FICCI for successfully organizing the event and reaffirmed the government’s commitment to strengthening domestic mineral value chains for a #ViksitBharat.
