India’s Mineral Mission: A Major Leap Towards Self-Reliance and Green Energy

Introduction
The Indian government has recently approved the National Critical Mineral Mission with a planned investment of ₹34,300 crore. Out of this total, the central government will contribute ₹16,300 crore, while Public Sector Undertakings (PSUs) are expected to provide around ₹18,000 crore. This mission aims to boost India’s self-reliance (Aatmanirbhar Bharat) and advance the nation’s journey toward green energy and sustainable development.

Key Highlights of the Mission

Strengthening Aatmanirbhar Bharat
The primary objective of this mission is to reduce India’s dependence on imports by enhancing the exploration and production of critical minerals. This step will not only lower import bills but also empower India’s internal supply chain.

Advancing Green Energy
Critical minerals are vital components in batteries, electric vehicles, solar panels, and wind turbines. By securing these minerals domestically, India can strengthen its green energy sector, thus reducing carbon emissions and fostering a cleaner environment.

Economic Boost
The government and PSU investments in the mining sector will create numerous employment opportunities, encourage technological innovations, and fuel economic growth.

Focus on Critical Minerals Exploration
This mission will expand the scope of exploring critical minerals in various regions across India. In 2023, the government amended the Mining Act, enabling the auction of 24 mineral blocks—paving the way for further exploration and development.

Potential Benefits

Reduced Import Dependency
By utilizing domestic resources, India can save foreign exchange and insulate itself from global supply-chain fluctuations.

Technological Advancements
Modern technology and research are expected to make mining operations more efficient and environmentally friendly, opening the door for cutting-edge innovations.

A Sustainable Future
With a secure supply of critical minerals, India can accelerate its transition to green energy, thus helping reduce carbon footprints and contributing to global environmental conservation efforts.

Government Initiatives

2023 Amendments to the Mining Act
The government revised existing laws to streamline and make mining activities more transparent. This revision directly impacts the auction and utilization of critical minerals.

Statement by the Union Minister Ashwini Vaishnaw
The Minister stated that the mission will foster greater self-reliance and unlock new opportunities in the country’s green energy sector.

Conclusion
The Mineral Mission represents a decisive move toward bolstering India’s self-sufficiency, especially in the procurement of critical minerals. With a massive investment of ₹34,300 crore, this mission promises to stimulate technological progress, generate employment, and address environmental concerns.

By : team atharvaexamwise