New Delhi, July 6 -- Collaboration between industry and government which proved successful in semiconductors, will be the key to addressing rare minerals dependencies according to president of the Confederation of Indian Industry (CII) who pointed out that there is no short-term fix for the possible shortage of rare-earth minerals.

"It's a long-term solution," acknowledged the CII President Rajiv Memani emphasizing on the need for a comprehensive, product-led strategy.

"What are the minerals that are required for that? What is the technology that's required for that? What is the policy support or financial support that that industry or sector needs?" he outlined, calling for urgent action despite the long-term nature of solutions.

Rare...