{"id":18887,"date":"2024-05-19T09:58:49","date_gmt":"2024-05-19T04:28:49","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=18887"},"modified":"2024-05-19T09:58:52","modified_gmt":"2024-05-19T04:28:52","slug":"coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/","title":{"rendered":"Coal India, NMDC, and ONGC Videsh Seek Overseas Critical Mineral Assets"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Indian_Public_Sector_Companies_Seek_Overseas_Critical_Mineral_Assets\" >Indian Public Sector Companies Seek Overseas Critical Mineral Assets<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#The_Need_for_Critical_Minerals\" >The Need for Critical Minerals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Coal_Indias_Strategic_Plans\" >Coal India\u2019s Strategic Plans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#NMDCs_Overseas_Ventures\" >NMDC\u2019s Overseas Ventures<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#ONGC_Videshs_Expansion\" >ONGC Videsh\u2019s Expansion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Government_Support_and_Policy_Framework\" >Government Support and Policy Framework<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Why_This_News_is_Important\" >Why This News is Important<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Securing_Resource_Supply_Chain\" >Securing Resource Supply Chain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Economic_Implications\" >Economic Implications<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Strategic_Autonomy\" >Strategic Autonomy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Technological_Advancement\" >Technological Advancement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Global_Partnerships\" >Global Partnerships<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Historical_Context\" >Historical Context:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Past_Initiatives\" >Past Initiatives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Government_Policies\" >Government Policies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Global_Competition\" >Global Competition<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Technological_Revolution\" >Technological Revolution<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Key_Takeaways_from_Indian_Public_Sector_Companies_Seeking_Overseas_Critical_Mineral_Assets\" >Key Takeaways from Indian Public Sector Companies Seeking Overseas Critical Mineral Assets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Important_FAQs_for_Students_from_this_News\" >Important FAQs for Students from this News<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#1_Why_are_Coal_India_NMDC_and_ONGC_Videsh_seeking_overseas_mineral_assets\" >1. Why are Coal India, NMDC, and ONGC Videsh seeking overseas mineral assets?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#2_What_are_critical_minerals_and_why_are_they_important\" >2. What are critical minerals, and why are they important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#3_How_does_acquiring_overseas_mineral_assets_benefit_Indias_economy\" >3. How does acquiring overseas mineral assets benefit India&#8217;s economy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#4_What_role_does_the_Indian_government_play_in_these_initiatives\" >4. What role does the Indian government play in these initiatives?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#5_How_does_this_move_align_with_global_trends\" >5. How does this move align with global trends?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/coal-india-coal-india-nmdc-and-ongc-videsh-are-seeking-overseas-critical-mineral-assets-to-secure-indias-supply-of-essential-materials-for-technological-and-industrial-growth\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Indian_Public_Sector_Companies_Seek_Overseas_Critical_Mineral_Assets\"><\/span>Indian Public Sector Companies Seek Overseas Critical Mineral Assets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In a strategic move to secure essential minerals, Indian public sector giants Coal India, NMDC, and ONGC Videsh are actively pursuing overseas assets. This initiative is aimed at reducing India&#8217;s dependence on imports and ensuring a stable supply of critical minerals necessary for various industries.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_Need_for_Critical_Minerals\"><\/span>The Need for Critical Minerals<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The demand for critical minerals such as lithium, cobalt, and rare earth elements has surged due to their essential role in manufacturing electronics, renewable energy technologies, and defense equipment. India, with its growing technological and industrial sectors, requires a steady supply of these minerals to sustain its economic growth and technological advancement.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Coal_Indias_Strategic_Plans\"><\/span>Coal India\u2019s Strategic Plans<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Coal India Limited (CIL), primarily known for its coal production, is diversifying its portfolio by seeking investments in lithium and cobalt mines abroad. These minerals are crucial for battery production, which is a key component of India&#8217;s push towards electric vehicles (EVs) and renewable energy storage solutions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NMDCs_Overseas_Ventures\"><\/span>NMDC\u2019s Overseas Ventures<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The National Mineral Development Corporation (NMDC) is also stepping up its efforts to acquire stakes in mineral-rich regions globally. NMDC\u2019s focus is on securing iron ore, copper, and other critical minerals that are vital for steel manufacturing and other industrial applications.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"ONGC_Videshs_Expansion\"><\/span>ONGC Videsh\u2019s Expansion<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">ONGC Videsh, the international arm of Oil and Natural Gas Corporation (ONGC), is exploring opportunities in countries with abundant critical mineral resources. Their objective is to ensure a diverse and secure supply chain for India&#8217;s energy and industrial sectors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Government_Support_and_Policy_Framework\"><\/span>Government Support and Policy Framework<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Indian government is backing these initiatives through policy support and international diplomacy. Efforts are being made to negotiate favorable terms with mineral-rich countries and streamline investment processes for Indian companies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">By acquiring overseas critical mineral assets, Coal India, NMDC, and ONGC Videsh aim to bolster India\u2019s resource security. This strategic move is not only crucial for meeting the country\u2019s industrial demands but also for enhancing its geopolitical standing.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\" id=\"Coal-India-critical-minerals\"><img decoding=\"async\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2024\/05\/Coal-India-critical-minerals.jpg\" alt=\"Coal India critical minerals\n\" class=\"wp-image-18889\" width=\"505\" height=\"505\" title=\"Coal India critical minerals\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2024\/05\/Coal-India-critical-minerals.jpg 225w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2024\/05\/Coal-India-critical-minerals-150x150.jpg 150w\" sizes=\"(max-width: 505px) 100vw, 505px\" \/><figcaption class=\"wp-element-caption\">Coal India critical minerals<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_This_News_is_Important\"><\/span>Why This News is Important<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Securing_Resource_Supply_Chain\"><\/span>Securing Resource Supply Chain<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This news is significant as it highlights India&#8217;s proactive steps towards securing a stable supply of critical minerals. These minerals are indispensable for the country\u2019s ambitious plans in sectors like renewable energy, electronics, and defense.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Economic_Implications\"><\/span>Economic Implications<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The acquisition of overseas mineral assets will reduce India\u2019s import dependency, thereby saving foreign exchange and boosting the country&#8217;s economic resilience. This move is expected to create more jobs and foster technological advancements within India.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strategic_Autonomy\"><\/span>Strategic Autonomy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">By investing in critical minerals abroad, India is aiming to achieve strategic autonomy. This reduces vulnerabilities associated with geopolitical tensions and trade disruptions, ensuring a steady supply of essential materials.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Technological_Advancement\"><\/span>Technological Advancement<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The availability of critical minerals will significantly aid in the technological advancement of India. It will support the growth of high-tech industries and innovation, essential for the country&#8217;s progress in the global technology landscape.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Global_Partnerships\"><\/span>Global Partnerships<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This initiative fosters stronger global partnerships and collaborations. By engaging with mineral-rich countries, India is enhancing its international relations and creating opportunities for mutual growth and development.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_Context\"><\/span>Historical Context:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Past_Initiatives\"><\/span>Past Initiatives<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">India has a history of attempting to secure mineral resources from abroad. In the past, Indian companies have made several attempts to acquire stakes in overseas mines, though with varied success. This new wave of initiatives appears more coordinated and strategic.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Government_Policies\"><\/span>Government Policies<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Indian government has been progressively rolling out policies to support the acquisition of critical minerals. Initiatives like &#8220;Make in India&#8221; and the push for renewable energy have underscored the importance of securing these resources.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Global_Competition\"><\/span>Global Competition<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The global race for critical minerals has intensified, with countries like China and the USA heavily investing in securing these assets. India&#8217;s current efforts are part of a broader strategy to compete in this global arena.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Technological_Revolution\"><\/span>Technological Revolution<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The ongoing technological revolution, driven by the need for cleaner energy and advanced electronic devices, has placed critical minerals at the forefront of economic strategies worldwide. India&#8217;s participation is crucial for its technological aspirations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_Indian_Public_Sector_Companies_Seeking_Overseas_Critical_Mineral_Assets\"><\/span>Key Takeaways from Indian Public Sector Companies Seeking Overseas Critical Mineral Assets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Serial Number<\/th><th>Key Takeaway<\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td>Coal India, NMDC, and ONGC Videsh are seeking overseas mineral assets.<\/td><\/tr><tr><td>2<\/td><td>The focus is on securing critical minerals like lithium, cobalt, and rare earth elements.<\/td><\/tr><tr><td>3<\/td><td>These efforts aim to reduce India\u2019s dependency on imports and ensure a stable supply.<\/td><\/tr><tr><td>4<\/td><td>The Indian government is providing policy support and facilitating international negotiations.<\/td><\/tr><tr><td>5<\/td><td>Securing these minerals is crucial for India\u2019s technological and economic advancement.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Coal India critical minerals<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_FAQs_for_Students_from_this_News\"><\/span>Important FAQs for Students from this News<span class=\"ez-toc-section-end\"><\/span><\/h2><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Why_are_Coal_India_NMDC_and_ONGC_Videsh_seeking_overseas_mineral_assets\"><\/span>1. Why are Coal India, NMDC, and ONGC Videsh seeking overseas mineral assets?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Coal India, NMDC, and ONGC Videsh are seeking overseas mineral assets to secure a stable supply of critical minerals like lithium, cobalt, and rare earth elements. These minerals are essential for manufacturing electronics, renewable energy technologies, and defense equipment, thereby reducing India&#8217;s dependence on imports.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_What_are_critical_minerals_and_why_are_they_important\"><\/span>2. What are critical minerals, and why are they important?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Critical minerals include lithium, cobalt, rare earth elements, and others that are essential for high-tech industries, renewable energy solutions, and defense systems. They are crucial for the production of batteries, electronics, and various advanced technologies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_How_does_acquiring_overseas_mineral_assets_benefit_Indias_economy\"><\/span>3. How does acquiring overseas mineral assets benefit India&#8217;s economy?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Acquiring overseas mineral assets reduces import dependency, saves foreign exchange, and enhances economic resilience. It also supports job creation, technological advancements, and industrial growth within India.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_What_role_does_the_Indian_government_play_in_these_initiatives\"><\/span>4. What role does the Indian government play in these initiatives?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Indian government supports these initiatives through favorable policies, international diplomacy, and facilitating negotiations with mineral-rich countries. This policy framework aims to streamline investment processes and secure critical resources for the country.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_How_does_this_move_align_with_global_trends\"><\/span>5. How does this move align with global trends?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This initiative aligns with global trends where countries are aggressively securing critical mineral resources to support their technological and industrial sectors. India&#8217;s efforts are part of a broader strategy to compete and collaborate internationally in this domain.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><h2 class=\"wp-block-heading\"><\/h2><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--3\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/international\/\" target=\"_blank\" rel=\"noreferrer noopener\">International Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/banking\/\" target=\"_blank\" rel=\"noreferrer noopener\">Banking Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/railway\/\" target=\"_blank\" rel=\"noreferrer noopener\">Railways Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/defence\/\" target=\"_blank\" rel=\"noreferrer noopener\">Defence Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--4\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs?newsmaticargs=custom&amp;posts=today\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--5\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairsinhindi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current Affairs In Hindi<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--6\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/news-and-notifications\/\" target=\"_blank\" rel=\"noreferrer noopener\">News and Notifications<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg\" alt=\"Download this App for Daily Current Affairs MCQ&#039;s\" class=\"wp-image-247\" title=\"\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-300x50.jpg 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Download this App for Daily Current Affairs MCQ&#8217;s<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Indian Public Sector Companies Seek Overseas Critical Mineral Assets In a strategic move to secure essential minerals, Indian public sector giants Coal India, NMDC, and ONGC Videsh are actively pursuing overseas assets. This initiative is aimed at reducing India&#8217;s dependence on imports and ensuring a stable supply of critical minerals necessary for various industries. The&#8230;<\/p>\n","protected":false},"author":6,"featured_media":18890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,153],"tags":[11595,11599,11597,267,11596,6926,4534,11598,227],"class_list":["post-18887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-miscellaneous","tag-coal-india","tag-cobalt","tag-critical-minerals","tag-indian-economy","tag-lithium","tag-mineral-resources","tag-nmdc","tag-ongc-videsh","tag-renewable-energy"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/18887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=18887"}],"version-history":[{"count":0,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/18887\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/18890"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=18887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=18887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=18887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}