Nearly $2 bn earmarked for critical minerals sector

In 2023, India identified 30 minerals as "critical" for its energy transition efforts.

- Reuters

The mines ministry has earmarked nearly $2 billion to develop its critical minerals sector as India aims to secure raw materials such as lithium, according to a person aware of the matter and documents from the ministry.

In 2023, India identified 30 minerals, including lithium, as "critical" for its energy transition efforts and to meet the growing demand from industries and the infrastructure sector. The country otherwise relies on imports to meet its rising demand.