January 30, 2025
India has launched an ambitious National Critical Minerals Mission with a massive Rs 34,300 crore outlay, aiming to break free from import dependency on crucial minerals essential for green technology and EVs.
Mission Blueprint
The program targets 24 critical minerals including lithium, cobalt, and nickel – the backbone of India’s electric future. With Rs 16,300 crore from government coffers and Rs 18,000 crore from public sector companies, the mission promises comprehensive coverage from exploration to recycling.
Why It Matters Now
“Green technologies are reshaping our future,” says Union Minister Ashwini Vaishnaw. “From solar panels to electric vehicles, these minerals are no longer just raw materials – they’re strategic assets.”
Breaking China’s Hold
Currently, India’s EV dreams rely heavily on imported batteries from China, with battery costs eating up 40% of vehicle prices. While recent lithium discoveries in Jharkhand, Rajasthan, and Jammu & Kashmir spark hope, domestic production remains nascent.
Strategic Implications
- Fast-tracked approvals for mining projects
- Incentives for mineral exploration
- Focus on complete value chain development
- Emphasis on recycling and recovery
The Road Ahead
The mission arrives at a crucial moment. With EVs gaining momentum and renewable energy projects scaling up, securing mineral supply chains becomes vital for India’s tech independence.
Expert Take
Industry analysts see this as a transformative step. “This isn’t just about mining – it’s about securing India’s technological future,” notes a leading sector expert. “The mission could reshape our manufacturing landscape.”
Looking Forward
As global demand for critical minerals soars, India’s strategic push for self-reliance could position it as a key player in the green technology supply chain.
