Government Initiates 125 New Projects for Mineral Exploration

30 Nov 2023 CW Team

The central government has announced the commencement of 125 new projects focused on the exploration of critical minerals, signalling a significant push towards bolstering the country's resource base. This strategic initiative aims to enhance domestic production of essential minerals and reduce dependence on imports, aligning with the government's vision for self-reliance and resource security.

The newly initiated projects encompass a diverse range of critical minerals vital for various industries, including but not limited to electronics, renewable energy, and manufacturing. By investing in the exploration of these minerals, the government aims to tap into untapped resources and ensure a sustainable supply chain for key sectors of the economy.

This move is part of a broader strategy to strengthen India's position in the global market by harnessing its mineral wealth. The government's proactive approach towards mineral exploration aligns with the evolving demands of industries and the need for a resilient and self-sufficient economy.

The 125 projects represent a concerted effort to diversify and expand the country's resource portfolio, mitigating risks associated with external dependencies. Additionally, these endeavours are expected to create employment opportunities, stimulate economic growth, and foster innovation in the mineral exploration sector.

As the projects progress, the government anticipates not only the discovery of new mineral deposits but also the development of efficient and sustainable extraction techniques. This initiative underscores India's commitment to harnessing its geological potential and strategically positioning itself in the global minerals landscape.

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