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India boosts rare earth security via global deals, domestic mining, and $1.2B in incentives to cut reliance on China.
India is expanding efforts to secure rare earth minerals essential for tech, defense, and clean energy, amid global supply risks from China’s export restrictions.
The government is negotiating trade deals with Chile and Peru, building on an existing agreement with Australia, while boosting domestic exploration, recycling startups, and processing facilities.
A ₹500 crore incentive package supports mineral processing parks, and six auction tranches have awarded 34 of 55 critical mineral blocks.
The government also plans a ₹10,000 crore Fund of Funds for high-tech startups and is collaborating with academic and international partners to accelerate technology development, aiming to reduce reliance on foreign sources.
India aumenta la seguridad de las tierras raras a través de acuerdos globales, minería doméstica y $ 1.2B en incentivos para reducir la dependencia de China.