Critical mineral sector needs friendly rules, sops: Report

New Delhi, February 19

In order to give a decisive push to the critical mineral sector, the government needs to come out with fiscal incentives, investments in technology and infrastructure and, promote mining operations abroad and conducive regulatory environment, says a report by think tank Global Trade Research Initiative (GTRI).

The Centre must support the growth of processing industries by measures such as providing subsidies to processing industries, support for research and development, and the establishment of favourable trade policies to secure raw materials from other countries, it suggested.

India is focusing on developing its critical mineral sector as well as sourcing these minerals from outside as it is a crucial ingredient for all green energy and hi-tech sectors such as EVs as well as for computers, solar panels, drones, jet engines, satellites, pacemakers and mobile phones.