India's state-owned KABIL has acquired five critical mineral blocks in Argentina, a strategic move to reduce import dependence of 93% and secure supply chains for sectors like defence and EVs. This is backed by the National Critical Minerals Mission with a ₹32,000 crore budget, marking a significant step in India's resource security strategy.
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- ›Import Dependence: 93%
- ›Mission Outlay: ₹32,000 crore
- ›Target this Data: 93% import dependence on critical minerals; ₹32,000 crore outlay for National Critical Minerals Mission.
- ›Target this Nodal Body: Khanij Bidesh India Limited (KABIL) – Joint Venture under the Ministry of Mines.
- ›Target this Legal Point: Import duty exemptions granted on 24 critical minerals to support industry.
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