Parliament passes Mines and Minerals Amendment Bill 2025 to boost critical mineral production

 

Parliament  passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2025, aimed at promoting sustainable mining, zero-waste practices, and advancing the objectives of the National Critical Mineral Mission. 

 

 

Union Minister for Coal and Mines, G. Kishan Reddy, said the government is committed to transparency in the mining sector, with production enhanced through the use of modern technology.

Under the National Critical Mineral Mission, the government has identified 24 critical minerals and is promoting domestic production through onshore and offshore exploration. The first auction of offshore mineral blocks, including polymetallic nodules in the Andaman Sea, was launched in November 2024. India is also exploring critical minerals abroad, signing agreements with countries like Argentina and Zambia to facilitate resource development.

 The bill empowers the government to facilitate mineral trading through exchanges, allow the sale of mineral dumps to reduce environmental hazards, and promote extraction of deep-seated minerals.

The legislation also expands the scope of the National Mineral Exploration Trust, renaming it as the National Mineral Exploration and Development Trust, and increases the royalty contribution from two to three per cent. It provides mechanisms to include new minerals in existing leases and incentivises the production of critical and strategic minerals.

Officials highlighted the significance of these reforms amid global supply chain challenges for critical minerals, with the Ministry of External Affairs and the Ministry of Mines actively engaging in bilateral and multilateral cooperation to secure stable supplies.

Agreements have been signed with countries including Australia, Argentina, Zambia, Peru, Zimbabwe, Mozambique, Malawi, and Côte d’Ivoire, as well as international organisations such as the International Energy Agency.

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Boycott Turkey’ trends online as anger grows in India over Ankara’s stance on Pakistan. Here is snapshot of Turkey's business in India

 

Indians have called for boycotting travel to Turkey and Azerbaijan, which have seen a growing interest as tourist spots in recent years.

After the Indian Army revealed that Pakistan sent Turkish-made drones  mostly  delivered overnight  in the midst of the conflict the anger towards Ankara in India has increased, with even politicians supporting the idea of a ban on Turkish goods.

 

Here  is snapshot of Economic Relations and  Turkey’s business in India

Indian companies India have invested about US$ 126 million in Türkiye (as per Central Bank of Türkiye data) and Turkish investment in India is approximately US$ 210.47 million (as per Department for Promotion of Industry and Internal Trade, India). 

Turkish companies operating in India include :

• Koç Holding (consumer durables),
• Arcelik A.S (home appliances),
• Doğuş Holding
• Doğuş Construction (construction),
• Limak Holding (construction),
• Fernas (construction)
• Sarar (Turkish menswear)
• Soktas (fabric company now acquired by Grasim Industries Ltd)
  
• Çelebi Holding (aviation services)  :  This is major area of concern   as its being  reported The current president, Erdoğan, and his inner circle have been linked to various business dealings and political influence in Turkey, and Çelebi's business activities have been scrutinized in this context  and they  are operating  in our Airports which should be a security concern.
• Orhan Holding (automotive supplier)
• Hidromas (hydraulic products – owned by Netherland-based HMS Global), etc