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India's major mineral resources include coal (4th largest reserves in the world), iron ore, manganese ore (7th largest reserve in the world as in 2013), lithium ore (6th largest reserve in the world as in 2023), [6] mica, bauxite (5th largest reserve in the world as in 2013), [7] chromite, natural gas, diamonds, limestone and thorium.
The energy policy of India is to increase the locally produced energy in India and reduce energy poverty, [1] with more focus on developing alternative sources of energy, particularly nuclear, solar and wind energy. [2] [3] Net energy import dependency was 40.9% in 2021-22. [4]
Monazite powder, a rare earth and thorium phosphate mineral, is the primary source of the world's thorium. India's three-stage nuclear power programme was formulated by Homi Bhabha, the well-known physicist, in the 1950s to secure the country's long term energy independence, through the use of uranium and thorium reserves found in the monazite sands of coastal regions of South India.
India was a net energy importer to meet nearly 47% of its total primary energy in 2019. [3] [4] While much of its energy comes from fossil fuels, as of 2024, India is in the midst of a very rapid growth of solar and other renewable energy. However, this page currently only discusses the country's fossil fuel–based energy.
The mining industry in India is a major economic activity which contributes significantly to the economy of India.The gross domestic product (GDP) contribution of the mining industry varies from 2.2% to 2.5% only but going by the GDP of the total industrial sector, it contributes around 10% to 11%.
The Mines and Minerals (Regulation and Development) Act (1957) is an Act of the Parliament of India enacted to regulate the mining sector in India. It was amended in 2015 and 2016. This act forms the basic framework of mining regulation in India. [1] This act is applicable to all minerals except minor minerals and atomic minerals.
The Mines and Minerals (Regulation and Development) Act, 1957 was enacted so as to provide for the regulation of mines and development of minerals under the control of the Union. The Act has been amended in 1972, 1986, 1994, 1999 and 2004 in keeping with changes in the policy on mineral development.
Solar Power Plant Telangana II in state of Telangana, India. India renewable electricity production by source. India is the world's 3rd largest consumer of electricity and the world's 3rd largest renewable energy producer with 46.3% of energy capacity installed as of October 2024 (203.18 GW of 452.69 GW) coming from renewable sources.