India Urged to Develop Comprehensive Mineral Strategy

11 Jul 2024 CW Team

Experts in the minerals and mining sector advocate for India to establish a comprehensive strategy encompassing the entire mineral value chain, from exploration and extraction to processing and recycling. The call comes amidst increasing global demand for minerals essential in various industries, highlighting the strategic importance of secure and sustainable mineral resource management.

India, endowed with significant mineral reserves, faces challenges in optimising resource utilisation and ensuring environmental sustainability throughout the mining lifecycle. A robust mineral strategy is seen as crucial not only for enhancing domestic production and reducing import dependency but also for fostering innovation in mining technologies and sustainable practices.

The proposed strategy aims to streamline regulatory frameworks, promote investment in exploration and infrastructure development, and prioritise environmental and social governance in mining operations. It also emphasises the integration of advanced technologies for efficient resource extraction and utilisation, along with initiatives for responsible mineral recycling.

By developing a comprehensive mineral strategy, India seeks to strengthen its position in global mineral markets, enhance economic resilience, and support strategic sectors like manufacturing, infrastructure, and renewable energy. The strategy's formulation is expected to involve collaboration between government agencies, industry stakeholders, and research institutions to align objectives and ensure sustainable development of India's mineral resources.

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