+86 571 56668956
Home > News > What's New in Rare Earth Industry? >

Rare earths will play a key role in the success of "Make In India" Program

News Group

Rare earths will play a key role in the success of "Make In India" Program

Issue Time:2019-01-15
According to research by the Policy Research Institute's Energy, Environment and Water Council (CEEW), these minerals will play a key role in nurturing domestic manufacturing to support the government's low-carbon programs, such as 100 million kilowatts of solar power targets, hybrids and electric vehicles. And efficient lighting.

These 12 minerals include antimony, bismuth, rare earth (heavy, light), antimony, antimony, etc., in aerospace, automotive, defense, entertainment systems, notebook computers, medical imaging, nuclear energy and smart phones, and other fields and applications. For special purposes.

The study, supported by the Indian Ministry of Science and Technology (DST), provides a framework for India to assess the impact of key minerals.

The study adds that India has not yet announced that it has domestic reserves for most of the identified key minerals, and that it may rely heavily on China to import some of its minerals in the next few years.

“By 2030, China is a major global supplier of six of India's 12 important mineral resources.” In the next few years, India will need to strategically develop partnerships with existing global players.

Indian Mining Minister Balvinder Kumar attended the meeting. He said that CEEW's research is very useful for formulating policies on national security and high-tech manufacturing.

India’s Minister of Science and Technology, Ashutosh Sharma, said the study, supported by the National Science and Technology Management Information System (NSTMIS), identified 12 key minerals from the 49 non-fuel minerals that Manufa is expected to use in India.

“It will open up new prospects for R&D and collaboration to ensure a reliable supply of key minerals.” The study will help policymakers and industry leaders develop plans to ensure India's demand for identified key minerals to achieve sustainable Industrial growth.

Seven of India's 12 key minerals are completely dependent on imports, and India does not have any declared resources.

CEEW CEO Arunaba Goss said: "In order to achieve our economic and development goals, India first needs to focus on the exploration of key domestic minerals."

In addition, it is necessary to strategically acquire overseas mines, sign diplomatic and trade agreements, safeguard the safety of important mineral resources, promote research and development, find better alternatives to priority minerals, and promote the scale and innovation of recycling and material recycling.