Limited domestic reserves: India lacks significant reserves of critical minerals like lithium, cobalt, and rare earth elements needed for various industries such as electronics and renewable energy.
Lack of advanced mining technologies: India's mining sector often lacks advanced technologies for efficient extraction of critical minerals, leading to a reliance on imports.
Inadequate processing facilities: The country faces challenges in developing adequate processing facilities to extract and purify critical minerals domestically.
Environmental and regulatory hurdles: Stringent environmental regulations and complex regulatory processes can hinder domestic mining and processing of critical minerals in India.
Global supply chain dominance: A few countries dominate the global supply chain of critical minerals, making India heavily dependent on imports to meet its industrial needs.
