India ranks fourth in the world in terms of installed renewable energy capacity, with goals to further increase non-fossil fuel-based electric power capacity to 50% by 2030 and achieve net-zero emissions by 2070. However, its goals are dependent on a reliable and sustainable supply of critical minerals.
Geopolitically, India’s critical minerals strategy is influenced by international dynamics and its systemic rivalry with China. India is therefore cooperating and collaborating with the United States, Australia, the European Union, Argentina, Chile, the Quad, the G20, and other actors to secure reliable supply chains for critical minerals.
India is implementing regulatory and structural reforms to boost domestic production by increasing private investment and auctioning critical mineral blocks. At the same time, it requires immense financial and technological investment to advance this domestic strategy.
To mitigate the risks associated with supply chain disruptions, India is set to strengthen its complementary two-pronged approach of boosting domestic production and pursuing international partnerships.
