CABINET APPROVES 'NATIONAL CRITICAL MINERAL MISSION' TO BUILD A RESILIENT VALUE CHAIN FOR CRITICAL MINERAL RESOURCES VITAL TO GREEN TECHNOLOGIES, WITH AN OUTLAY OF RS.34,300 CRORE OVER SEVEN YEARS

India, Jan. 29 -- The Government of India issued the following news release:

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the launch of the National Critical Mineral Mission (NCMM) with an expenditure of Rs.16,300 crore and expected investment of Rs.18,000 crore by PSUs, etc.

As part of the Atmanirbhar Bharat initiative, and recognizing the indispensable role of critical minerals in high-tech industries, clean energy, and defense, the Government of India has undertaken several initiatives over the past two years to address challenges in the critical minerals sector.

There is a need to establish an effective framework for India's self-reliance in the critical mineral sector. In line with this vision, t...