India Urged to Reduce Dependence on China for Critical Minerals

23 Jul 2024 CW Team

The Economic Survey 2024 has emphasized the urgent need for India to address its heavy reliance on China for critical minerals. The survey highlights the potential risks associated with this dependency and underscores the importance of diversifying the mineral supply chain to enhance national security and economic resilience.

China's dominance in the global supply of critical minerals poses a significant challenge for India, impacting various sectors including energy, technology, and infrastructure. The survey suggests that reducing this reliance is crucial for safeguarding India's strategic interests and ensuring the stability of its industrial and energy sectors.

To mitigate these risks, the Economic Survey advocates for the development of alternative supply sources and the strengthening of domestic mineral production capabilities. This includes investing in exploration and mining technologies, forming strategic partnerships with other mineral-rich countries, and implementing policies to boost domestic mineral reserves.

By focusing on these strategies, India aims to achieve greater self-sufficiency in critical minerals, reduce vulnerabilities, and support long-term economic growth. Addressing the dependence on China for these essential resources will play a key role in strengthening India's economic security and resilience in the face of global supply chain disruptions.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..