Emphasizing the importance of establishing processing value chain for critical minerals, the Mines Secretary Piyush Goyal has noted that without such ecosystem, it is difficult to utilise a critical mineral. He said that the government has identified Odisha, Gujarat, Andhra Pradesh and Maharashtra for its plan to set up four critical mineral value processing parks. These states have been identified as they have port access.
He noted that the government has allocated Rs 500 crore in National Critical Mineral Mission to establish four processing parks across the country. He pointed that the establishment of processing value chain critical minerals will help expand the capacity for these minerals, which are very much needed for the industry. On timeline for the projects, he said ‘I am very optimistic that by this year-end we will significant progress in this regard’. He also informed that there was a meeting between primary and secondary aluminium industry players, who have shared several inputs listing their respective concerns.
Earlier, the government think tank - NITI Aayog had suggested building domestic innovation and technology capability by establishing a mission-oriented critical raw materials R&D framework. It also stressed the need to strengthen domestic exploration and mining to meet India's future critical minerals needs. Further, it suggested diversifying international supply sources and reducing import risk by classifying minerals by concentration and geopolitical exposure and tailoring overseas engagement accordingly.
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