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.
