New Delhi, Nov. 7 -- India is stepping up efforts to strengthen its rare earth resources and build a complete domestic value chain to reduce dependency on imports, according to V. Chandrasekar, General Manager and Head of the Rare Earth Division at IREL India Ltd.

Speaking to ANI on the sidelines of the CII conference on "Building Resilient Rare Earth Metal (REM) Supply Chains Through Technology Localization" on Friday, Chandrasekar said that several Indian states including Tamil Nadu, Kerala, Odisha, and Andhra Pradesh have "plenty of reserves of rare earths," and that the company is "seriously working on improving resource availability."

He said India's growing need for rare earth elements is directly linked to the rise of new technol...