There may be excessive demand for important and strategic minerals. (Representational)
New Delhi:
The federal government on Wednesday stated 125 new initiatives have been taken up within the present monetary 12 months for exploration of important minerals.
There may be excessive demand for important and strategic minerals, and the demand is often met by imports. Vital minerals are utilized in varied sectors, together with renewable power, defence, and agriculture.
“I’m pleased to announce that this monetary 12 months, we now have taken up 125 new initiatives for exploration of important minerals,” Mines Secretary VL Kantha Rao stated at an occasion in New Delhi.
Additional, he stated the federal government is providing an incentive of 25 per cent on discovery of important minerals by exploration businesses.
Lately, 24 minerals have been notified as important and strategic minerals via an modification within the mining rule.
India has dedicated to reaching 50 per cent of cumulative put in electrical energy capability from non-fossil sources by 2030.
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