Industry urges India to launch critical minerals push

India’s PHD Chamber of Commerce and Industry urged government officials on Monday to establish a specialized department focused on strategic minerals and pursue diplomatic efforts to secure international supply networks. Business leaders gathered by the organization recommended developing comprehensive domestic capabilities spanning mineral discovery through final product sales, mirroring strategies China has employed.

Anil Chaudhary, who previously led SAIL and serves as a senior member of the chamber’s minerals committee, praised authorities for designating 30 strategic materials while proposing that metallurgical coal join that roster. He noted the country purchases 90 percent of its metallurgical coal needs from abroad at an annual cost of $15 billion, with projections suggesting requirements will expand twofold within the coming decade. Participants highlighted the necessity of coordination among government departments and maintaining reserve stockpiles similar to American practices in the petroleum sector.

Speakers advocated for partnerships with mineral-wealthy smaller nations across Africa and Latin America to reduce dependence on Chinese sources. Deepak Bhatnagar from the Pellet Manufacturers’ Association proposed adopting a mission-style framework for strategic mineral advancement. Energy consultants warned that transportation electrification and renewable power generation demand substantially higher mineral inputs than traditional alternatives, making supply security essential for transition goals.