The Mines Ministry has created a joint venture company — Khanij Bidesh India (KABIL) — with participating interest from NALCO, HCL and Mineral Exploration Corporation
India is working on acquiring mines of strategic minerals such as lithium and cobalt in producing countries like Australia, Argentina, Bolivia and Chile. The government’s move is aimed at ensuring a committed supply of raw materials especially for renewable energy (RE) and e-mobility sectors.
here it is folks, big government wants to start buying stuff overseas. How is that ok?
