After Pax Silica snub, Sajjan Jindal calls for faster development of India’s rare earth reserves

JSW Group Chairman Sajjan Jindal has called for an accelerated push toward developing India's domestic rare earth mineral reserves.

This call comes in the wake of India being excluded from the US-led Pax Silica initiative, which aims to secure supply chains for critical minerals.

Jindal emphasized the importance of self-reliance in rare earth minerals, which are essential for various high-tech and green energy applications, including electric vehicles and renewable energy infrastructure.

He highlighted that India holds significant rare earth reserves that remain underexplored and underutilized.

By tapping into these resources, India could reduce its dependence on imports and strengthen its strategic autonomy in critical sectors.

JSW Group is actively advancing its electric vehicle (EV) venture, seeking to integrate cutting-edge technology from global partners to enhance its competitiveness.

The company is also making substantial investments in Maharashtra, focusing on scaling manufacturing capabilities and boosting research and development efforts.

These initiatives align with the broader national agenda to promote domestic manufacturing and innovation in the EV sector.

Jindal's remarks underscore the strategic imperative for India to build a robust supply chain for rare earth minerals, which are pivotal for the country's ambitions in clean energy and technology.

The development of these reserves could also catalyze industrial growth and job creation within the country.

Overall, the push for faster exploration and utilization of rare earth minerals reflects a growing recognition of their critical role in India's economic and technological future.