India is actively seeking critical minerals in Zambia, the DRC, and Australia to support its growing clean energy and technology sectors. This initiative seeks to reduce import dependence, focusing on resources like copper, cobalt, lithium, and rare earth elements. The government is also enhancing domestic frameworks for mineral exploration and processing. This strategy aims to manage global competition and strengthen supply chains critical for national security and economic growth.
India is expanding its search for critical minerals in Zambia, the Democratic Republic of Congo, and Australia. This initiative is part of the country’s strategy to secure supply chains for its growing clean energy and technology sectors while reducing reliance on imports. A senior government official indicated that these efforts are crucial to support India’s ambitions in electric vehicles, renewable energy infrastructure, and advanced electronics manufacturing.
Indian mining companies are pursuing various opportunities, including joint ventures and acquisitions in Zambia, Congo, and Australia, focusing on crucial resources such as copper, cobalt, lithium, and rare earth elements. This proactive approach aligns with India’s broader objective of establishing itself as a manufacturing hub for clean energy technologies, thereby mitigating risks associated with supply chain disruptions.
The endeavor emerges amid escalating global competition for critical minerals, driven by the surging demand from electric vehicle production and renewable energy initiatives. The Indian government is also developing a robust domestic framework to foster exploration and processing of these minerals within its territory, enhancing national self-sufficiency in this regard.
Industry analysts advocate that India’s international diversification efforts may provide a strategic advantage in managing the complexities of critical mineral supply chains, which are increasingly intertwined with national security and economic policies of major global economies. By securing mineral resources abroad, India is attempting to ensure its sustained growth and energy transition goals.
India’s strategic initiatives to procure critical minerals in Zambia, Congo, and Australia underscore its commitment to reducing import dependence and fostering domestic manufacturing capabilities focused on clean energy. This multifaceted approach not only aims to secure essential resources but also positions India favorably within the competitive global landscape of critical supply chains. Furthermore, the government’s efforts to enhance local mining frameworks demonstrate a long-term vision for energy sovereignty and economic resilience.
Original Source: www.autocarpro.in
