What is the focus of India's rare earth minerals initiative?
The initiative is centered on Research and Development (R&D) to enhance mining technologies, aiming for sustainable and strategic extraction of critical minerals like lithium, nickel, and tungsten.
Which minerals are targeted in India's strategic minerals initiative?
The focus is on securing critical minerals, particularly lithium, nickel, and tungsten, essential for modern technologies and industries.
How is the private sector involved in the initiative?
New legislation has been introduced to encourage private sector participation in the auction and mining of strategic, deep-seated minerals, indicating a move towards privatization in specific mining sectors.
What are the expected outcomes of the R&D efforts in mining technology?
The R&D is expected to yield advanced mining technologies, including deep-sea and green mining processes, which will lead to more efficient, environmentally friendly, and economically sustainable mining practices.
Get a call back
Fill the below form to get free counselling for UPSC Civil Services exam preparation