## India’s Critical Mineral Push: A Key to Decarbonization and Net-Zero Goals
India’s commitment to achieving its ambitious net-zero targets by 2070 hinges heavily on securing access to critical minerals. These minerals, essential for modern technologies like solar panels, electric vehicles, and wind turbines, are a cornerstone of the country’s decarbonization strategy. Recognizing their crucial role, the Indian government is taking significant steps to accelerate the exploration and utilization of these resources within its borders.
Dr. Sudip Bhattacharyya, Deputy Director General of the Geological Survey of India, highlighted the nation’s rich deposits of critical minerals and rare earth elements. Speaking at the 17th Global Mining Summit in Kolkata, he emphasized the need to prioritize the exploration and responsible extraction of these valuable resources. He also stressed the importance of recycling mineral waste to further conserve these finite resources, underlining the importance of research and development in this sector.
The Ministry of Mines is leading the charge in this crucial endeavor, leveraging the expertise of the Geological Survey of India (GSI) and other agencies to locate and assess these deposits. Last year, the government released a list of 30 critical minerals deemed essential for India’s future. The focus on these minerals is a strategic move, recognizing their significant contribution to the country’s economic and technological advancement.
The Global Mining Summit, organized by the Confederation of Indian Industry (CII), served as a platform to discuss the crucial role of a sustainable mining industry in achieving India’s developmental goals. The theme for this year’s summit, “Viksit Bharat – Role of a Sustainable Mining Industry,” underscored the need for responsible and environmentally conscious mining practices to ensure long-term resource availability.
The summit also highlighted the critical need for improved safety measures in the Indian mining sector. N Bala Subrahmanyam, Director of Mines Safety (Mining), addressed the alarming fatality rate in the industry, emphasizing the urgent need for stricter adherence to safety laws and regulations.
The event, which attracted global mining giants, served as a platform for showcasing cutting-edge technologies and facilitating collaborations to propel the growth of the Indian mining sector. The 17th edition of the International Mining and Machinery Exhibition (IMME) 2024, held alongside the summit, facilitated 284 meetings between industry players, further demonstrating the growing significance of the Indian mining sector on the global stage.
As India continues to pursue its ambitious clean energy transition, its commitment to securing critical minerals is paramount. By fostering responsible exploration, promoting innovation in recycling, and prioritizing worker safety, India is positioning itself as a leader in the global effort to achieve a sustainable future.