Critical minerals, crucial for various industries and manufacturing processes, are gaining global importance amid post-pandemic supply chain shocks and export bans. Acknowledging the significance of these resources, India has taken strategic steps to strengthen its standing in the critical minerals sector. Its noteworthy initiatives include releasing a comprehensive critical minerals strategy and its recent entry into the Mineral Security Partnership.
India’s Role in the Mineral Security Partnership
The US-led Mineral Security Partnership aims to secure and diversify critical minerals supply chains vital to high-tech and renewable industries. India’s decision to become a member is driven by the desire for sustainable economic growth, particularly in the manufacturing sector and supply chain security.