The authorities on Wednesday mentioned 125 new initiatives have been taken up within the present monetary yr for exploration of crucial minerals.
There is excessive demand for crucial and strategic minerals, and the demand is normally met by imports. Critical minerals are utilized in numerous sectors, together with renewable vitality, defence, and agriculture.
“I’m completely satisfied to announce that this monetary yr, we now have taken up 125 new initiatives for exploration of crucial minerals,” Mines Secretary VL Kantha Rao mentioned at an occasion in New Delhi.
Further, he mentioned the federal government is providing an incentive of 25 per cent on discovery of crucial minerals by exploration companies.
Recently, 24 minerals had been notified as crucial and strategic minerals via an modification within the mining rule.
India has dedicated to reaching 50 per cent of cumulative put in electrical energy capability from non-fossil sources by 2030.
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