Financial Express
- Jul 21

Incentivising mineral exploration

By Rajesh Chadha, Ganesh Sivamani and Karthik Bansal

India’s mining sector faces several challenges that impede its sustainable growth. One crucial obstacle is the lack of adequate mineral exploration. India remains import-dependent for many minerals, particularly critical ones. On June 28, the ministry of mines announced a list of 30 critical minerals essential for the growth of many sectors in India. These are required to manufacture green technologies such as wind turbines, solar panels, batteries, and electric vehicles. Incentivising domestic exploration of these critical minerals is crucial for India’s long-term goal of reaching net-zero by 2070.