Business

Ministry Launches National Critical Mineral Mission (NCMM) To Adopt Green Energy Transition

The government approved a Rs 16,300-crore National Critical Mission on Wednesday. The total outlay of the NCMM mission is Rs 34,300 crore which will take seven years to complete as the country aims to become independent and move forward in the journey of green energy transition.

To explore the critical minerals within the country and at offshore locations, the public sector is expected to contribute Rs 18,000 crore to the mission, a release by the Ministry of Mines said.

Also Read: Industry Leader’s Optimistic About India’s Economic Growth: Survey

Critical minerals are essential for India’s self-reliance in the growth of clean energy as their uses range from wind turbines and electricity networks to electric vehicles and battery manufacturing. These minerals are copper, lithium, nickel, cobalt, and rare earth. The demand for these minerals is growing in the lean energy sector.

Information and Broadcasting Minister Ashwini Vaishnav highlighted the significance of the initiative as India eyes to reduce dependence on import of critical minerals.

“This mission is of Rs 16,300 crore,” he said, adding that 24 critical minerals have been identified.

He further said that a comprehensive plan is made in the mission.

“The Union Cabinet, chaired by Prime Minister 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,” the ministry said.

The National Critical Mineral Mission (NCMM) will include all stages of the value chain, from mineral exploration, mining, beneficiation, processing, and recovery from end-of-life products.

Shibra Arshad

Recent Posts

MyGov Launches Exciting Contests To Celebrate 11 Years Of Transformative Governance

Marking 11 years of transformative governance, citizen engagement platform MyGov has launched a series of…

1 hour ago

President Murmu And PM Modi Extend Eid Al-Adha Wishes, Call For Unity And Service

On Saturday, President Droupadi Murmu and PM Modi extended warm wishes to citizens on occasion…

2 hours ago

JD Vance Resignation Claim Is False; Confirms No Credible Source

Viral claims about US Vice President JD Vance resigning due to tensions between Donald Trump…

3 hours ago

Vikrant Massey Shares Adorable ‘Monkey Business’ Moment With Son In Naples

Actor Vikrant Massey, currently enjoying a family holiday in Naples, Italy, delighted fans by sharing…

3 hours ago

Trending: Eid Al-Adha 2025: The Festival Of Sacrifice Brings Communities Together

Eid al-Adha, also known as Bakri Eid or the festival of sacrifice, stands as one…

3 hours ago

Overcoming Procrastination: Strategies That Help

Discover practical strategies to overcome procrastination, improve focus, and build habits that drive consistent productivity.

4 hours ago