Centre To Hold Meeting With States To Formulate Mining Index menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
India relies heavily on imports for meeting its requirement for critical minerals such as lithium, niobium and rare earth elements. These minerals find application in new-age technologies such as those used in electric vehicles. pharmaceuticals and defence manufacturing. Mineral mining in the country is currently governed by the Mines and Minerals (Development and Regulation) Act. Since critical minerals require more expertise and have traditionally not been explored or extracted in the country, the government is of the view that an enhanced support framework is required to encourage it, according to officials.
The MoU was signed on the sidelines of the two-day Critical Minerals Summit: Enhancing Beneficiation and Processing Capabilities event that commenced at the India Habitat Centre, New Delhi on Monday.