New Delhi: The Ministry of Mines has signed a Memorandum of Understanding (MoU) with the International Energy Agency (IEA) to strengthen cooperation in the critical minerals sector. This strategic partnership aims to provide India with access to reliable data, expert analysis, and policy insights, enhancing its decision-making capabilities in managing critical mineral resources.
The collaboration will support India in streamlining its policies, regulations, and investment strategies in the critical minerals sector, aligning them with international standards and best practices. With insights from the experiences of other IEA member countries, India can accelerate its transition toward sustainable and resilient energy systems.
Capacity building and knowledge exchange are key components of the MoU, with a focus on advancing India’s technical capabilities in data collection, modeling, and analysis. The partnership will include joint research initiatives, workshops, and training programs to promote innovation in technology development, extraction techniques, and recycling methods for critical minerals.
The MoU was officially signed by Secretary of the Ministry of Mines, V. L. Kantha Rao, and IEA Executive Director Dr. Fatih Birol. The exchange took place between Joint Secretary, Ministry of Mines, Vivek Kumar Bajpai, and Head of Energy Minerals Analysis at the IEA, Tae-Yoon Kim, in the presence of Union Minister of Mines, G. Kishan Reddy, at Shastri Bhawan, New Delhi.
Approved by the Union Cabinet on October 3, 2024, this MoU marks a crucial step in India’s pursuit of securing critical mineral resources and aligning its mineral management with global best practices.