India Eyes Neighbors for Critical Minerals

11 Jun 2024 CW Team

India is strategically turning to its neighbouring countries to fulfil its critical minerals requirement, a move aimed at ensuring a stable supply chain for its burgeoning renewable energy and technology sectors amidst global uncertainties. With a focus on reducing dependency on imports, particularly from politically unstable or trade-disrupted regions, India is exploring partnerships and potential mineral deposits in its extended neighbourhood.

This shift underscores India's proactive approach to securing essential resources vital for electric vehicles, renewable energy infrastructure, and advanced technology manufacturing. Recent initiatives highlight Indian firms' active involvement in exploration projects and strategic collaborations across South Asia and beyond, signalling a concerted effort to diversify mineral sourcing and enhance regional economic integration.

By tapping into resources closer to home, India seeks to mitigate risks associated with distant and potentially volatile supply chains, thereby bolstering its resource security and economic resilience. Additionally, this approach aligns with India's broader energy transition goals and technological advancements, positioning the nation as a key player in the global renewable energy landscape.

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