India & IEA Partner for Critical Mineral Cooperation
By Rediff Money Desk, New Delhi Nov 13, 2024 17:51
India's mines ministry signs a pact with the IEA for collaboration in critical minerals, aiming to improve policies, data access, and capacity building.
New Delhi, Nov 13 (PTI) The mines ministry on Wednesday entered into a pact with the International Energy Agency (IEA) for cooperation in the area of critical minerals.
The Cabinet had earlier this month approved the proposal of signing the memorandum of understanding (MoU) between IEA and the mines ministry.
The present association would provide India with access to reliable data, analysis, and policy recommendations in the critical mineral sector.
The IEA is an international organisation within the framework of the Organisation for Economic Co-operation and Development (OECD).
"This collaboration would enable India to streamline its policies, regulations, and investment strategies in the critical mineral sector, aligning them with global standards and best practices," the mines ministry said in a statement.
The agreement would also promote capacity building and knowledge exchange between India and the IEA member states, it said, adding that the collaboration on data collection, modelling, and analysis would enhance India's technical capabilities and institutional capacity in the critical mineral sector.
Joint research projects, workshops, and training programmes carried out under this agreement would help fostering collaboration and innovation in technology development, extraction techniques, and recycling methods for critical minerals, it said.
The Cabinet had earlier this month approved the proposal of signing the memorandum of understanding (MoU) between IEA and the mines ministry.
The present association would provide India with access to reliable data, analysis, and policy recommendations in the critical mineral sector.
The IEA is an international organisation within the framework of the Organisation for Economic Co-operation and Development (OECD).
"This collaboration would enable India to streamline its policies, regulations, and investment strategies in the critical mineral sector, aligning them with global standards and best practices," the mines ministry said in a statement.
The agreement would also promote capacity building and knowledge exchange between India and the IEA member states, it said, adding that the collaboration on data collection, modelling, and analysis would enhance India's technical capabilities and institutional capacity in the critical mineral sector.
Joint research projects, workshops, and training programmes carried out under this agreement would help fostering collaboration and innovation in technology development, extraction techniques, and recycling methods for critical minerals, it said.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.66 (+ 3.13)
- 52302633
- Vodafone Idea L
- 7.25 ( 0.00)
- 22381872
- Suzlon Energy Ltd.
- 62.37 (+ 5.00)
- 19753676
- AvanceTechnologies
- 0.95 ( -4.04)
- 18908878
- Standard Capital
- 1.05 (+ 5.00)
- 13415932
MORE NEWS
JSW Steel Wins Codli Mineral Block XII in Goa
JSW Steel has been declared the preferred bidder for the Codli Mineral Block XII in...
UPI Transactions Decline Rate Falls to 0.8%: NPCI
NPCI reports UPI technical decline rates have fallen to 0.8% from 8-10% in 2016. UPI...
Himachal Pradesh Launches Green & Sustainable...
Himachal Pradesh launches the Green and Sustainable Development Partnership (GSDP)...