November 14, 2024
2 mins read

New India-IEA pact to bolster mineral sector

This collaboration will enable India to streamline its policies, regulations, and investment strategies in the critical mineral sector, aligning them with global standards and best practices…reports Asian Lite News

The Ministry of Mines on Wednesday signed a Memorandum of Understanding (MoU) with the International Energy Agency (IEA) on cooperation in the area of Critical Minerals used in the manufacture of electronic goods, electric cars and military hardware.

The collaboration will provide India with access to reliable data, analysis, and policy recommendations in the critical mineral sector, thereby enhancing its decision-making capabilities and ensuring strategic resource management.

The International Energy Agency (IEA) is an international organisation within the framework of the Organisation for Economic Co-operation and Development (OECD).

This collaboration will enable India to streamline its policies, regulations, and investment strategies in the critical mineral sector, aligning them with global standards and best practices.

“By learning from the experiences of other IEA member states and associated countries, India can accelerate its progress towards sustainable and resilient energy systems,” the Ministry of Mines said in a statement.

“The MoU with the IEA will also facilitate capacity building and knowledge exchange between India and the IEA member states. Collaboration on data collection, modelling, and analysis would enhance India’s technical capabilities and institutional capacity in the critical mineral sector. Furthermore, the joint research projects, workshops, and training programmes carried out under this MoU will help in fostering collaboration and innovation in technology development, extraction techniques, and recycling methods for critical minerals,” the ministry added.

Approval for the proposal of signing the MoU between IEA and Govt. of India, Ministry of Mines was accorded by the Union Cabinet on October 3, 2024. The MoU has been signed by the Secretary, the Ministry of Mines, V. L. Kantha Rao, and IEA Executive Director Fatih Birol.

The MoU has been exchanged between Joint Secretary, Ministry of Mines, Vivek Kumar Bajpai, and Head of Energy Minerals Analysis, Tae-Yoon Kim. Union Minister of Mines, G. Kishan Reddy was also present at the signing ceremony at Shastri Bhawan in the national capital.

This collaboration marks a significant step towards securing India’s critical mineral resources while aligning with global best practices in the critical mineral sector, the statement said.

ALSO READ: ‘Saudi Arabia Key to West Asia Stability’

Previous Story

‘Brazil’s G20 priorities align well with India’s 2024 goals’ 

Next Story

BIMSTEC cancer physicians, policymakers gather in Mumbai

Latest from -Top News

Singapore’s Ruling Party Achieves Landslide Victory

Prime Minister Lawrence Wong, whose party won the election, thanked supporters.,..reports Asian Lite News Singapore’s ruling People’s Action Party (PAP) won 87 of the 97 seats in Parliament in Saturday’s general election,

Jaishankar, Lavrov Discuss Pahalgam Terror Attack

Both the Ministers discussed issues of Russian-Indian cooperation and the aggravation of India-Pakistan relations following the terrorist attack in Pahalgam. External Affairs Minister (EAM) S. Jaishankar spoke to the Russian Foreign Minister

Rajnath Singh to skip Russia visit

The decision comes amid rising tensions between India and Pakistan following the recent terror attack in Pahalgam, Jammu and Kashmir…reports Asian Lite News Defence Minister Rajnath Singh will not likely attend Russia’s

WAVES 2025: Jaishankar Advocates Cultural Pluralism

External Affairs Minister S. Jaishankar delivered a powerful address at the WAVES 2025 Global Media Dialogue, highlighting the significance of cultural pluralism in shaping global change. Speaking on the second day of

India Eyes Supply Chain Shift

India’s electronics manufacturing sector is undergoing a remarkable transformation, positioning the country as a major global hub for production and supply chain diversification. Riding on favourable government policies, geopolitical tailwinds, and a
Go toTop

Don't Miss

Modi living bridge between UK and India, says Lord Ahmad

Speaking at today’s Vibrant Gujarat Summit, the British Minister acknowledged

Rohan Bopanna Makes History with Grand Slam Win

Bopanna, who was awarded the Padma Shri by the Indian