Khanij Bidesh India Limited (KABIL), a joint venture under the Ministry of Mines, is actively negotiating with countries such as Zambia and Chile to acquire overseas mineral assets, according to Minister G Kishan Reddy.
During the launch of the 6th Critical Minerals Auction, Reddy emphasised the urgent importance of establishing a robust R&D framework in India to meet the country’s rising needs for EV batteries and renewable energy, which are projected to triple worldwide by 2030.
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He mentioned that India has invested around USD 4 billion in its National Critical Mineral Mission, far exceeding the US, which set aside only USD 1 billion for similar development.
