India's Plan to Create National Critical Mineral Stockpile
India plans to create a two-month National Critical Mineral Stockpile to secure rare-earth elements amid global supply chain disruptions caused by China's tightened export controls.
The programme is expected to complement the government's efforts to boost the domestic production of rare-earth magnets. New Delhi is gearing up a production-linked incentive scheme worth ₹7,300 crore.
The NCMS is part of the broader National Critical Minerals Mission with ₹500 crore allocated to ensure uninterrupted mineral availability.
India is securing its mineral supply amid global disruptions.
Author's summary: India creates mineral stockpile to secure rare earth elements.