Industry-government collaboration key to solving rare minerals dependencies: CII President
New Delhi [India]July 6 (Memorial): The cooperation between the industry and the government, which proves to be successful in semiconductors, will be the key to addressing rare mineral addictions that draw attention to the fact that there is no short -term correction for possible shortage of rare land minerals.
“This is a long -term solution,” the CII President Rajiv Memani accepted, stressed the need for a comprehensive, managed strategy.
“What are the minerals required for this? What is the technology required for this? What is the policy support or financial support of this industry or sector?” Despite the long -term nature of solutions, he called for emergency action.
Rare soil elements (REEs) is very important in modern technological products such as smartphones, electric cars and advanced military equipment. Countries with rich rees deposits have become important players in the sector and the basic elements of international supply chains.
The president of the industry organ emphasized the vulnerableness of the automotive sector against rare mineral famine. “When I talk to automobile companies, they say it will really make a difference.”
“India will have to determine where the major risks are in the supply chains. If minerals, they need to create a mineral strategy – how to produce or import them and support what the private sector needs from the government.”
Memani accepted the complexity of creating internal production skills by referring to cost disadvantages compared to settled global players. “Many things are not suitable for themselves because of the cost of production – many countries are very difficult to reproduce the rear end integration of mineral resources.”
He stressed that policy measures or other assistance to the private sector would be necessary.
The President of the CII emphasized the additional challenges of regulatory frames, especially for radioactive minerals. “Many minerals are radioactives and included atomic energy department. Therefore, after talking to them, a great urgent strategy should be held on which countries will be common.”
Memani, who is in parallel with international experiences, stated that Japan’s ten -year efforts in this sector. “If you look at Japan, they have been working on this issue for many years. The additional value they have so far has only around 40 percent and they have been for 10 years.”
Memani made comprehensive comparisons with India’s semiconductor mission and positioned the country as proof of complex technological challenges. “When the semiconductor problem came, he worked on the government. They revealed a semiconductor policy, then made some changes, and then they started the PLI plan with a allocation. La75,000 Crore for four companies, dedi he explained, emphasizing the systematic approach that gave results.
The President of the CII expressed a strong confidence in the orbit of the semiconductor sector: “I think, as the semiconductor industry develops in India, this ecosystem will develop in seven to eight years.”
According to Memani, this success story demonstrates the proven methodology to address strategic security vulnerabilities through India’s comprehensive policy frames and important financial commitments.
Memani stressed that after the development of the ecosystem, it has become an important competitiveness for the country. “This is a developing technology. Things continue to change, but after the ecosystem develops, it becomes a very powerful, competitive force that a country has its own semiconductor ecosystem.”
The Comments of the President of the CII reflect strong confidence in India’s ability to develop domestic capabilities in critical sectors. The reference to the semiconductor success story serves as evidence that India can systematically address complex supply chain difficulties through strategic planning and continuous commitment.
“It will take a few years. This problem is not to be solved within six months. But we have to start,” Memani finished, and he said that he will overcome the struggle of rare minerals as he began to conquer the semiconductor sector of India. (MOMENT)
