International Collaboration: Khanij Bidesh India Ltd (KABIL) - Economy | UPSC Learning

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International Collaboration: Khanij Bidesh India Ltd (KABIL)

International Collaboration: Khanij Bidesh India Ltd (KABIL)

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economy

📖 Introduction

<h4>Introduction to Khanij Bidesh India Ltd (KABIL)</h4><p><strong>Khanij Bidesh India Ltd (KABIL)</strong> is a <strong>Joint Venture (JV)</strong> company established under the aegis of the <strong>Ministry of Mines</strong>, Government of India. Its primary objective is to identify, acquire, develop, and process strategic mineral assets overseas.</p><p>KABIL aims to ensure a secure and stable supply of critical minerals for India's domestic requirements. This strategic initiative is vital for India's industrial growth and energy transition.</p><div class='info-box'><p><strong>KABIL Full Form:</strong> Khanij Bidesh India Ltd</p><p><strong>Parent Ministry:</strong> Ministry of Mines, Government of India</p><p><strong>Objective:</strong> Overseas acquisition of critical and strategic mineral assets.</p></div><h4>Strategic Lithium Acquisition in Argentina</h4><p>In a significant move towards securing critical mineral resources, <strong>KABIL</strong> has successfully acquired exploration and mining rights for <strong>lithium</strong> in <strong>Catamarca, Argentina</strong>. This acquisition covers an area of <strong>15,703 hectares</strong>.</p><p>This venture marks India's proactive step in securing raw materials essential for the burgeoning <strong>Electric Vehicle (EV)</strong> and renewable energy sectors. Lithium is a key component in battery manufacturing.</p><div class='key-point-box'><p><strong>Critical Mineral: Lithium</strong> is indispensable for manufacturing rechargeable batteries used in electric vehicles, mobile phones, and energy storage systems. Securing its supply is crucial for India's energy independence.</p></div><div class='exam-tip-box'><p><strong>UPSC Insight:</strong> KABIL's role is crucial for India's <strong>mineral security</strong> and achieving its <strong>Net Zero targets</strong>. This initiative can be cited in answers related to <strong>GS-III Economy</strong> (resource mobilization, industrial policy) and <strong>GS-III Environment</strong> (renewable energy, EV promotion).</p></div>
Concept Diagram

💡 Key Takeaways

  • •KABIL (Khanij Bidesh India Ltd) is a Joint Venture under India's Ministry of Mines.
  • •Its core mandate is to acquire critical and strategic mineral assets overseas.
  • •KABIL successfully secured 15,703 hectares for lithium exploration in Catamarca, Argentina.
  • •This acquisition is crucial for India's lithium supply, essential for EV batteries and renewable energy.
  • •The initiative enhances India's mineral security, reduces import dependence, and supports 'Aatmanirbhar Bharat'.

🧠 Memory Techniques

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📚 Reference Sources

•Ministry of Mines, Government of India official releases (general knowledge base)
•Press Information Bureau (PIB) reports on KABIL (general knowledge base)