Takshashila Discussion Document: A Rare Earths Strategy for India

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Post-pandemic geopolitical and economic trends offer a precious opportunity for India to emerge as a rare earths supplier for the world. This discussion document lays out a prioritisation framework and a strategy for India to do that. We recommend that the Government of India should:

  • Create a new Department for Rare Earths (DRE), which would play the role of a regulator and enabler for businesses in this space.
  • Allow private sector companies to participate in upstream and downstream processing of rare earth elements.
  • Offer Viability Gap Funding to businesses in upstream processing to help them set up operations.
  • Provide enabling infrastructure close to ports, implement Ease of Doing Business Measures, and create a whitelist of international suppliers for businesses in downstream processing.
  • Build a rare earths reserve along with partners such as the Quad as a geostrategic move to ensure India can compete in the manufacturing of high-tech products in the coming decades.
A-Rare-Earths-Strategy-for-India_TDD_AK_AP_NR_v1.0

Download the Discussion Document as a PDF.