India's Mineral Revolution: Transforming Exploration and Production
Parliament passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2025, aimed at modernizing India's mineral sector. The legislation focuses on critical mineral production to support the country's green energy transition. It introduces changes to enhance mining efficiency, transparency, and domestic mineral availability, reducing reliance on imports.
- Country:
- India
On Tuesday, Parliament approved the Mines and Minerals (Development and Regulation) Amendment Bill, 2025, marking a significant shift in India's mineral sector. This legislation underscores the country's focus on boosting production of critical and strategic minerals, essential for the green energy transition.
Union Minister G Kishan Reddy emphasized the government's extensive reforms in the mining industry, highlighting the introduction of transparency and accountability in coal and mineral production. He noted the identification of 24 critical minerals and the launch of the National Critical Mineral Mission with a substantial financial commitment to enhance domestic output.
The bill introduces key amendments, allowing leaseholders to incorporate new critical minerals without additional royalty charges and renaming the National Mineral Exploration Trust. It also facilitates privatization in overseas mineral sourcing and aims for enhanced exploration activities. This move aims to secure mineral supplies as India seeks to meet rising demand.
(With inputs from agencies.)
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