In Short : Prime Minister Modi conducted a high-level review of India’s strategy for acquiring critical minerals abroad and implementing the national recycling incentive scheme. The review focused on securing supply chains for minerals essential to clean energy, electronics, and defense, while promoting recycling of strategic materials. Officials highlighted policy measures to enhance self-reliance and reduce import dependence.
In Detail : Prime Minister Narendra Modi held a detailed review of India’s ongoing efforts to secure critical minerals from overseas sources, which are essential for industries such as renewable energy, electronics, and defense. The meeting underscored the strategic importance of these minerals for national development.
The review also covered the progress of the recycling incentive scheme, aimed at promoting recovery and reuse of critical minerals within India. The scheme is designed to reduce dependence on imports and encourage sustainable resource utilization.
Officials briefed the Prime Minister on key acquisition agreements, joint ventures, and potential overseas investments to secure a stable supply of lithium, cobalt, nickel, and other strategic minerals required for battery manufacturing and advanced technologies.
Emphasis was placed on building a resilient supply chain for these minerals, reducing vulnerabilities caused by global market fluctuations and geopolitical risks. The government aims to make India more self-reliant in critical mineral sourcing.
The recycling incentive scheme was discussed as a complementary strategy to secure domestic availability of rare and strategic minerals. Financial and policy incentives are being offered to businesses involved in recycling electronic waste and industrial byproducts.
PM Modi highlighted the need for close coordination between ministries, public sector enterprises, and private stakeholders to accelerate implementation. Streamlined approvals and targeted investments were emphasized to enhance both overseas acquisitions and domestic recycling.
The review also considered technological interventions, including advanced mineral extraction techniques, efficient recycling processes, and digital tracking of material flows to optimize resource management. These steps aim to increase efficiency and sustainability in mineral utilization.
Analysts note that India’s proactive approach in overseas acquisitions and domestic recycling positions it to meet growing demand for clean energy and high-tech manufacturing while mitigating supply risks from global markets.
Overall, the Prime Minister’s review reflects India’s commitment to strategic resource security, sustainable development, and self-reliance. Strengthening overseas acquisitions alongside domestic recycling efforts is expected to secure long-term industrial competitiveness and support the country’s energy transition and technological advancement goals.
