Efforts to Attain Self –reliance in Critical & Strategic Mineral Requirements 

  • IASbaba
  • January 5, 2022
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Efforts to Attain Self –reliance in Critical & Strategic Mineral Requirements 

Part of: Prelims 

In News: In order to ensure mineral security of the nation and to attain self-reliance in the area of critical & strategic minerals, the Ministry of Mines has created a Joint Venture company namely Khanij Bidesh India Ltd (KABIL) with participating interest of National Aluminium Company Ltd (NALCO), Hindustan Copper Ltd (HCL) and Mineral Exploration Corporation Ltd (MECL). 

  • Mandated to identify and acquire overseas mineral assets of critical and strategic nature such as Lithium, Cobalt etc. 
  • Aims at giving further fillip to Atma Nirbhar Bharat that will cater to the requirements of crucial sectors such as e-mobility, renewable energy, medicine, aerospace, aviation etc.
  • Engagement of KABIL is under way with source countries like Australia, Argentina, Bolivia and Chile which are endowed with cited critical and strategic minerals. 

News Source: PIB

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