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The Union Cabinet of India has approved the National Critical Mineral Mission (NCMM) with an outlay of Rs.34,300 crore to enhance self-reliance in critical mineral resources essential for green technologies. The mission aims to establish a comprehensive value chain from exploration to processing, promote domestic and international investments, and support research and recycling initiatives. This initiative is part of the Atmanirbhar Bharat program and addresses the growing demand for critical minerals in high-tech industries and clean energy.

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3 views9 pages

1738215855950

The Union Cabinet of India has approved the National Critical Mineral Mission (NCMM) with an outlay of Rs.34,300 crore to enhance self-reliance in critical mineral resources essential for green technologies. The mission aims to establish a comprehensive value chain from exploration to processing, promote domestic and international investments, and support research and recycling initiatives. This initiative is part of the Atmanirbhar Bharat program and addresses the growing demand for critical minerals in high-tech industries and clean energy.

Uploaded by

Anand
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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1/30/25, 6:56 AM Press Release:Press Information Bureau

Cabinet

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
Posted On: 29 JAN 2025 3:08PM by PIB Delhi

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, the Finance Minister announced the setting up of the Critical Mineral
Mission in the Union Budget for 2024-25 on 23rd July 2024.

The National Critical Mineral Mission, approved by the Union Cabinet, will encompass all stages of
the value chain, including mineral exploration, mining, beneficiation, processing, and recovery from
end-of-life products. The mission will intensify the exploration of critical minerals within the country
and in its offshore areas. It aims to create a fast track regulatory approval process for critical mineral
mining projects. Additionally, the mission will offer financial incentives for critical mineral
exploration and promote the recovery of these minerals from overburden and tailings.

The mission aims to encourage Indian PSUs and private sector companies to acquire critical mineral
assets abroad and enhance trade with resource-rich countries. It also proposes development of
stockpile of critical minerals within the country.

The mission includes provisions for setting up of mineral processing parks and supporting the
recycling of critical minerals. It will also promote research in critical mineral technologies and
proposes setting up Centre of Excellence on Critical Minerals.

Adopting a whole-of-government approach, the Mission will work closely with relevant ministries,
PSUs, private companies, and research institutions to achieve its objectives.

https://pib.gov.in/PressReleasePage.aspx?PRID=2097308 1/2
1/30/25, 6:56 AM Press Release:Press Information Bureau

Mines and Minerals (Development and Regulation) Act, 1957, has been amended in 2023 to increase
exploration and mining of critical minerals. Consequently, the Ministry of Mines has auctioned 24
blocks of strategic minerals. Further, Geological Survey of India (GSI) has undertaken 368
exploration projects for critical minerals over the past three years, with 195 projects currently
underway in FS 2024-25. Further, for FY 2025-26, GSI is going to take up 227 projects for various
critical minerals. To foster innovation, the Ministry launched the Science and Technology -
Promotion of Research and Innovation in Start-ups and MSMEs (S&T PRISM) program in 2023,
funding start-ups and MSMEs to bridge the gap between R&D and commercialization. Moreover,
KABIL, a JV of Ministry of Mines, has acquired an area of about 15703 Ha in the Catamarca
province of Argentina, for exploration and mining of Lithium. Government of India has already
eliminated customs duties on the majority of critical minerals in Union budget 2024-25. This will
increase the availability of critical mineral in the country and will encourage the industry to set up
processing facilities in India. These initiatives highlight India's commitment to securing critical
mineral supplies.

******

MJPS/SKS

(Release ID: 2097308) Visitor Counter : 4408

Read this release in: Urdu , Hindi , Nepali , Marathi , Bengali , Manipuri , Assamese , Punjabi , Gujarati , Tamil , Telugu , Ka
nnada , Malayalam

https://pib.gov.in/PressReleasePage.aspx?PRID=2097308 2/2

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