India's dependence on China for rare earth minerals not good: Cong leader

Congress leader Adhir Ranjan Chowdhury noted that over 90% of rare earth minerals are imported from China

Adhir Ranjan Chowdhury | File photo
Adhir Ranjan Chowdhury | File photo
Press Trust of India New Delhi
2 min read Last Updated : Dec 16 2022 | 5:46 PM IST

Noting that over 90 per cent of rare earth minerals are imported from China, Congress leader Adhir Ranjan Chowdhury on Friday asked the government to give due priority to their exploration in India, saying "such kind of dependence" on a "hostile country" will not augur well.

Raising the issue in Lok Sabha during Zero Hour, the Congress leader said exploration of rare earth minerals is "abysmally low" in the country and termed it as "achilles heels" in India's strategic planning.

"The reason being that till now our government has been importing more than 90 per cent of the rare earth minerals from China," he said.

He said rare earth minerals consists of 17 very critical elements, which are used in a range of items, from nuclear power and magnets to electric vehicles.

In view of the wide ranging application of the rare earth mineral, Chowdhury said, "I think the kind of dependence that India has upon a hostile country for the earth materials will not augur good for our nation."

The Congress leader said India has six per cent of the world's rare earth mineral reserves.

"I would request the government to give due priority to indigenous exploration and the rare earth minerals that have strategic importance should not be ignored," he added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :CongressStrategic minerals

First Published: Dec 16 2022 | 5:46 PM IST

Next Story