India's Critical Mineral Security: 58 Companies, ₹1,500 Crore Processing Scheme
Practice PYQs on this topic
500+ questions on Economy with explanations
📌 Summary:
-
India launched a ₹1,500 crore scheme for critical mineral processing to reduce dependence on China
-
58 companies participating; target processing capacity: 850 KTPA (kilo tonnes per annum)
-
Expected investment mobilised: ₹5,000 crore by 2030
-
Critical minerals covered: lithium, cobalt, nickel, graphite, rare earth elements (REEs) — essential for EVs, batteries, electronics, defence
-
China controls ~70% of global critical mineral processing; India's initiative aims to diversify supply chains
-
Supports India's EV ambition (FAME III), semiconductor mission, and defence indigenisation
-
Khanij Bidesh India Ltd (KABIL) mandated for overseas mineral acquisition; agreements signed with Argentina, Australia, Chile
UPSC Classification
See PYQs related to “Economy”
Every classification tag above links to actual UPSC questions asked on that topic — with answer, explanation and elimination logic. Only in the app.