The central government has approved the National Critical Mineral Mission with an expenditure of Rs 163 billion to focus on mineral exploration, mining, beneficiation, processing and recovery from end-of-life products. PSUs and private companies are expected to invest Rs 180 billion in the initiative. The Geological Survey of India (GSI) has conducted 368 exploration projects for critical minerals over the past three years, with 195 projects under way in 2024-25. For 2025-26, GSI plans to undertake 227 projects. The Ministry of Mines has auctioned 24 strategic mineral blocks following amendments to the Mines and Minerals (Development and Regulation) Act, 1957. The mission will also expedite regulatory approvals, provide financial incentives for exploration and establish mineral processing parks.
Sustained Momentum: Key developments in the roads and bridges sector
The past year has witnessed remarkable progress in India’s road sector, reflecting the country’s commitment to road modernisation. The centre has implemented various reforms and measures to address long-standing issues. In addition to its continuing […]
Towards Growth: Government initiatives driving sector development
In April 2017, the central government gave wing to its ambitious Regional Connectivity Scheme (RCS) by launching flights from Shimla, Nanded and Kadapa airports. The move is reflective of the intent of the government to […]
Mobilising Capital: Diverse funding avenues driving infrastructure development
India’s infrastructure financing landscape is gradually evolving, with newer sources of financing playing a greater role alongside traditional funding channels. Several policy and regulatory reforms have enabled a more disciplined financing ecosystem. Public investment has […]