India will now possess a "stock" of riches! With the discovery of 30 crucial minerals, the nation's development will take off

 India will now possess a "stock" of riches! With the discovery of 30 crucial minerals, the nation's development will take off

Ministry of Mines vital Minerals: Union Minister Joshi praised the Ministry's work and noted that India has never before created a comprehensive list of vital minerals while taking the needs of important industries into consideration. In light of Prime Minister Narendra Modi's recent trip to the US, Joshi said that India has joined the prestigious Mineral Security Partnership (MSP) to fortify vital mineral supply chains as its newest member.

In Delhi. The nation currently has a stockpile of such treasures, which will not only provide wings to India's development but also start moving quickly in the path of a "self-reliant India." In reality, in accordance with its self-reliance strategy, India has identified 30 essential minerals, taking into account its demands for industries including military, agriculture, energy, pharmaceuticals, and telecommunications. The nation views these minerals as crucial for both national security and economic growth. Union Coal and Mines Minister Pralhad Joshi presented the first report, titled "Important Minerals for India," at a ceremony on Wednesday. The research was created by an expert committee assembled by the Ministry of Mines.

These significant minerals include tin, titanium, tungsten, vanadium, zirconium, selenium, and cadmium. They also include antimony, beryllium, bismuth, cobalt, copper, gallium, germanium, grafite, hafnium, indium, lithium, molybdenum, niobium, nickel, PGE, phosphorus, and potassium. These minerals are anticipated to act as a framework for strategic planning, investment choices, and policy formulation in the mining industry.

Important minerals are those that are necessary for both national security and economic growth. The future of the world's economy, according to the report, will depend on technologies that use minerals like lithium, graphite, cobalt, titanium, and rare earth elements. The development of numerous industries, including as high-tech electronics, telecommunications, transportation, and defence, depends on these. In order to reach net zero promises and power the worldwide transition to a low-carbon economy, they are essential to renewable energy technology.

According to the research, developing the value chain and identifying significant minerals are now requirements for the nation. In November 2022, the Ministry of Mines established a seven-person committee with the Joint Secretary (Policy), Ministry of Mines as its chairperson to compile a list of significant minerals. The committee held multiple member-to-member conversations before deciding on the final list.

The committee recommended the establishment of a Centre of Excellence for important Minerals (CECM) at the Ministry of Mines in addition to listing the important minerals, which would periodically update the list of critical minerals for India. a plan for essential minerals Will construct and carry out a variety of tasks to develop an efficient value chain

Union Minister Joshi praised the ministry's work and noted that India has never before created a comprehensive list of significant minerals while taking the needs of essential industries into consideration. In light of Prime Minister Narendra Modi's recent trip to the US, Joshi said that India has joined the prestigious Mineral Security Partnership (MSP) to fortify vital mineral supply chains as its newest member.