This article talks about Mineral Diplomacy that is India’s efforts to get important minerals that are needed for making things like batteries, electronics, and machines. These minerals, called “critical minerals,” are very important for India’s growth in manufacturing and technology.
But India doesn’t produce enough of them and depends on other countries, especially China. This creates a risk because some countries might use their control over these resources to gain power over India.
India is making a strong effort to secure critical minerals like lithium, cobalt, and titanium, which are essential for industries such as batteries, electronics, and renewable energy.
As the country aims to grow its manufacturing and technology sectors, it faces a major challenge: it doesn’t produce enough of these minerals and relies heavily on imports, especially from China. This dependence poses a strategic risk, as some countries may use their control over these resources to gain influence or power.
To address this issue, India has launched a plan called “mineral diplomacy.” This involves building partnerships with mineral-rich countries and collaborating with global organizations to ensure a stable supply of these vital resources.
The strategy has two key parts: strengthening ties with individual countries and working with international alliances.
The first part focuses on forging partnerships with countries that have abundant critical minerals. India is collaborating with nations like Australia, Argentina, and Kazakhstan to secure access to these resources.
In 2019, the Indian government set up Khanij Bidesh India Ltd. (KABIL), a company tasked with making deals to ensure a steady mineral supply. For example, KABIL has partnered with Australia to work on lithium and cobalt projects and recently signed a $24 million deal with Argentina to explore lithium. India is also actively engaging with Bolivia and Chile, which are rich in lithium reserves.
Central Asia is another area of focus. India has teamed up with Kazakhstan to produce titanium and is exploring more partnerships with other Central Asian countries through initiatives like the proposed India-Central Asia Rare Earths Forum.
The second part of India’s mineral diplomacy is about engaging with international groups. India is working with organizations like the Quad (which includes the U.S., Japan, and Australia), the Mineral Security Partnership, and the G-7 to improve its supply chains and adopt global best practices.
These collaborations also help India share knowledge and strengthen its capacity to handle critical minerals. Additionally, the Ministry of Mines has partnered with the International Energy Agency to align India’s policies with global standards and improve its strategies.
Despite these efforts, there are some challenges. One major issue is the limited role of private companies in this effort, mainly because the government hasn’t provided clear guidelines for them.
Another issue is the need for more experts and specialized teams to handle mineral diplomacy. Lastly, India needs to form long-term and reliable partnerships to secure its mineral supply.
To overcome these challenges, India needs to develop a clear plan that involves private companies at every stage of the supply chain. It should also set up a dedicated division in its foreign affairs ministry to focus on mineral diplomacy.
Strengthening partnerships with key countries like the U.S., the European Union, and South Korea will also be critical, as these nations have the technology and resources India needs.
If India can address these gaps, its efforts in mineral diplomacy will become much stronger. This will not only reduce its dependence on imports but also support the growth of its industries and enhance its national security.
.
.
.
.…join our telegram channel for regular updates of The Hindu Epaper Editorial Explanation-https://t.me/Thehindueditorialexplanation
The Hindu Epaper Editorial Explanation given by Hello Student is only a supplementary reading to the original article to make things easier for the students.
In conclusion, preparing for exams in India can be a daunting task, but with the right strategies and resources, success is within reach. Remember, consistent study habits, effective time management, and a positive mindset are key to overcoming any academic challenge. Utilize the tips and techniques shared in this post to enhance your preparation and boost your confidence. Stay focused, stay motivated, and don’t forget to take care of your well-being. With dedication and perseverance, you can achieve your academic goals and pave the way for a bright future. Good luck!
The Editorial Page of The Hindu is an essential reading for all the students aspiring for UPSC, SSC, PCS, Judiciary etc or any other competitive government exams.
This may also be useful for exams like CUET UG and CUET PG, GATE, GMAT, GRE AND CAT
To read this article in Hindi –https://bhaarat.hellostudent.co.in/