India and IEA partner to strengthen critical mineral sector
The collaboration will give India access to reliable data, analysis, and policy recommendations, aligning its policies with global best practices for a transition to sustainable energy systems.
The Indian Ministry of Mines and the International Energy Agency (IEA) have signed a memorandum of understanding (MoU) to enhance India’s critical mineral sector. Through this collaboration, India will gain access to reliable data, analysis, and policy recommendations, improving decision-making and resource management.
Furthermore, the MoU aims to align India’s policies, regulations, and investment strategies with global best practices, accelerating the country’s transition to sustainable and resilient energy systems. In addition, the partnership will focus on capacity development and knowledge exchange through joint research projects, workshops, and training programs, which will enhance India’s technical and institutional capabilities in critical mineral management.
By learning from the experiences of other IEA member states, India seeks to foster innovation in technology development, extraction techniques, and recycling methods, ultimately boosting its competitiveness in the global market. Approved by the Union Cabinet in October 2024, this collaboration marks a significant milestone in securing India’s critical mineral resources.
As a result, the MoU underscores India’s commitment to adopting advanced global practices while addressing its domestic energy needs. Consequently, it sets the stage for long-term strategic growth in the critical minerals sector, promoting sustainability, innovation, and energy security across the nation.