Latest news with #NationalCriticalMission
Time of India
3 days ago
- Business
- Time of India
India moving ahead to become self-sufficient in critical minerals: PM
New Delhi India is moving ahead to become self-sufficient in critical minerals, and exploration campaigns are underway at more than 1,200 locations, Prime Narendra Modi said on Friday. Addressing the nation on the 79th Independence Day, PM said today the whole world has become very cautious about critical minerals. People have started understanding its potential very well. What did not receive much attention till yesterday is on the centre stage today. Self-reliance in critical minerals is very essential for India as well, Modi said. Critical minerals like lithium, cobalt, rare earth and graphite have diverse applications ranging from electronic chips and home appliances to electric vehicles and solar panels. The demand of such minerals have surged manifold in the recent past as countries world over are transitioning toward clean energy and cut green house gas emission. "Be it the energy sector, industry sector, defence sector or technology sector, critical minerals play a very important role in technology today. And for this reason, we have launched the National Critical Mission," Modi said during his Independence Day speech from the ramparts of the Red Fort. PM said exploration campaigns are underway at more than 1,200 locations "and we are moving towards becoming self-sufficient in critical minerals as well". He also emphasised on becoming self-reliant in energy sector and cut the country's import bill. "If we were not dependent on energy, that wealth would have been used for our youth, it would have helped the poor in my country to fight against poverty. It would have been useful for the welfare of the farmers of my country, it would have been useful in changing the conditions of the villages of my country. But we have to give it to foreign countries. Now we are working towards becoming self-reliant," the prime minister said. PTI>
Time of India
4 days ago
- Business
- Time of India
India moving ahead to become self-sufficient in critical minerals: PM
New Delhi India is moving ahead to become self-sufficient in critical minerals, and exploration campaigns are underway at more than 1,200 locations, Prime Narendra Modi said on Friday. Addressing the nation on the 79th Independence Day, PM said today the whole world has become very cautious about critical minerals. People have started understanding its potential very well. What did not receive much attention till yesterday is on the centre stage today. Self-reliance in critical minerals is very essential for India as well, Modi said. Critical minerals like lithium, cobalt, rare earth and graphite have diverse applications ranging from electronic chips and home appliances to electric vehicles and solar panels. The demand of such minerals have surged manifold in the recent past as countries world over are transitioning toward clean energy and cut green house gas emission. "Be it the energy sector, industry sector, defence sector or technology sector, critical minerals play a very important role in technology today. And for this reason, we have launched the National Critical Mission," Modi said during his Independence Day speech from the ramparts of the Red Fort. PM said exploration campaigns are underway at more than 1,200 locations "and we are moving towards becoming self-sufficient in critical minerals as well". He also emphasised on becoming self-reliant in energy sector and cut the country's import bill. "If we were not dependent on energy, that wealth would have been used for our youth, it would have helped the poor in my country to fight against poverty. It would have been useful for the welfare of the farmers of my country, it would have been useful in changing the conditions of the villages of my country. But we have to give it to foreign countries. Now we are working towards becoming self-reliant," the prime minister said. PTI>
Time of India
4 days ago
- Business
- Time of India
Independence Day speech: PM Modi urges self-reliance in critical minerals & fertilisers; calls for reduced imports, higher domestic output
PM Modi urges self-reliance in critical minerals & fertilisers India is pushing ahead with plans to achieve self-sufficiency in critical minerals, with exploration already underway at over 1,200 sites, Prime Minister Narendra Modi said during his Independence Day address. Speaking from the Red Fort on the nation's 79th Independence Day, he noted that the global focus on minerals such as lithium, cobalt, rare earth elements and graphite has grown sharply due to their role in clean energy, electric vehicles, electronics and solar technology. 'What did not receive much attention till yesterday is on the centre stage today. Self-reliance in critical minerals is very essential for India as well,' PM Modi said. He explained that these resources are vital for sectors ranging from energy and defence to advanced technology, and highlighted the launch of the National Critical Mission to drive domestic exploration and production. The Prime Minister also linked mineral self-reliance to reducing India's energy import bill, saying that foreign dependence diverts resources that could otherwise benefit youth, farmers and rural development. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Use an AI Writing Tool That Actually Understands Your Voice Grammarly Install Now Undo 'Now we are working towards becoming self-reliant,' he stressed. PM Modi further urged the nation to achieve atma-nirbhar (self-reliance) in fertiliser production, expressing concern over the heavy reliance on imports of urea and phosphatic and potassic (P&K) fertilisers. He called on farmers to use nutrients judiciously to protect soil health and curb demand. 'Indiscriminate use of fertilisers is damaging our soil,' he warned. According to news agency PTI, India imported 56.47 lakh tonnes of urea in 2024-25, down from 70.42 lakh tonnes the previous year, while DAP imports fell to 45.69 lakh tonnes from 55.67 lakh tonnes. Urea production reached 306.67 lakh tonnes in 2024-25, compared to a record 314.07 lakh tonnes the year before. The Centre provides heavy subsidies, Rs 1,77,129.50 crore in 2024-25, to ensure affordable fertiliser prices, with urea sold at Rs 242 for a 45 kg bag, excluding coating and taxes. PM Modi urged industry and youth to innovate and expand domestic production to end import dependence, saying, 'We should not be dependent on others.' Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
Hans India
4 days ago
- Business
- Hans India
Over 1,200 sites under exploration as India targets self-sufficiency in critical minerals: PM Modi
New Delhi: Prime Minister Narendra Modi on Friday announced that the country is intensifying its efforts to achieve self-sufficiency in critical minerals, with exploration activities currently underway at over 1,200 locations nationwide. With applications ranging from electronic chips and household appliances to electric cars and solar panels, the PM, during his address to the nation on the 79th Independence Day, noted that the significance of critical minerals, such as lithium, cobalt, rare earth elements, and graphite, has increased dramatically on a global scale in recent years. "What wasn't given much thought until yesterday is now the main focus, India must also become self-sufficient in vital minerals," the Prime Minister stated. He pointed out that the global drive to cut greenhouse gas emissions and clean energy transitions is driving the spike in demand. PM Modi emphasised that the National Critical Mission was established because critical minerals are essential to industries, technology, energy, and defence. The PM said that the government wants to improve India's industrial and technological capacities while lowering reliance on imports. He emphasised the financial burden of importing necessary resources and connected the initiative to the nation's larger goal of energy independence. The Prime Minister stated that the government is currently working to increase self-reliance to reroute wealth back into the country. PM Modi also outlined a detailed vision for reforms and achieving self-reliance -- from transforming taxation to empowering small businesses and more. Speaking to the nation from the Red Fort, Prime Minister Modi emphasised India's path of independence and change, stating that while the country has been performing, reforming, and changing over the last 10 years, the time has come to advance even more forcefully. PM Modi also established a Task Force for next-generation reforms to review all existing laws, regulations, and practices about economic activity. The Task Force will work within a set timeline to reduce compliance costs for startups, MSMEs, and entrepreneurs; provide freedom from fear of arbitrary legal actions; and ensure laws are streamlined for ease of doing business.
Time of India
4 days ago
- Business
- Time of India
India fast-tracking hunt for critical minerals to power self-reliance, says PM Modi
India is accelerating efforts to achieve self-sufficiency in critical minerals , with exploration campaigns underway at more than 1,200 locations across the country, Prime Minister Narendra Modi said on Friday. Independence Day 2025 Op Sindoor to water cutoff: PM Modi slams Pak in I-Day speech GST reforms by Diwali to cut daily-use taxes: PM Modi Terrorism, tech, more: PM's I-Day speech highlights Addressing the nation on the 79th Independence Day, Modi noted that 'today the whole world has become very cautious about critical minerals' and that people have begun to fully grasp their potential. 'What did not receive much attention till yesterday is on the centre stage today. Self-reliance in critical minerals is very essential for India as well,' he said. Critical minerals such as lithium , cobalt, rare earth elements and graphite are vital for a range of applications — from electronic chips and household appliances to electric vehicles and solar panels. Their demand has surged sharply as nations push for clean energy transitions and aim to cut greenhouse gas emissions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo 'Be it the energy sector, industry sector, defence sector or technology sector, critical minerals play a very important role in technology today. And for this reason, we have launched the National Critical Mission ,' Modi said from the ramparts of the Red Fort. He added that exploration drives at more than 1,200 sites are already underway, 'and we are moving towards becoming self-sufficient in critical minerals as well.' The Prime Minister linked this push to India's broader goal of energy independence , noting the economic burden of relying on imports. Live Events 'If we were not dependent on energy, that wealth would have been used for our youth, it would have helped the poor in my country to fight against poverty. It would have been useful for the welfare of the farmers of my country, it would have been useful in changing the conditions of the villages of my country. But we have to give it to foreign countries. Now we are working towards becoming self-reliant,' he said.
