India's Quest for Resource Independence: Unlocking Domestic Rare Earths

Following India's exclusion from the US-led 'Pax Silica initiative', JSW Group Chairman Sajjan Jindal emphasizes the urgent need for India to explore its domestic rare earth reserves. India faces the challenge of reducing reliance on China's mineral supplies, focusing on developing local industries and enhancing manufacturing capabilities.

Days after India was excluded from the US-led 'Pax Silica initiative', JSW Group Chairman Sajjan Jindal urged a renewed focus on domestic mineral exploration. The Indian conglomerate leader highlighted the country's untapped rare earth reserves, suggesting that self-reliance is crucial in reducing foreign dependency.

Jindal expressed that India's exclusion provides an impetus for the nation to bolster its capabilities in mineral exploitation and manufacturing. With the Pax Silica initiative aimed at ensuring a secure artificial intelligence and silicon supply, India must capitalize on its resources to strengthen its industries amid China's dominance in these sectors.

The businessman observed that with industries like defence and technology at stake, strengthening domestic manufacturing and investing in research and development are key. Jindal pointed to the rising potential in sectors such as steel production in Gadchiroli, underscoring moves towards economic growth and job creation.

(With inputs from agencies.)