The Indian Institute of Technology (IIT)-BHU is leading an Indo-Australian research cluster in key minerals. It is critical to have access to essential minerals for the low-carbon economy and Digital India. Following the Study Melbourne Research Partnerships Program, the center can seek international funding. Increasing manufacturing capacity and transitioning to a low-carbon and digital economy are top priorities for India’s ambitious industrial transformation strategy. Many government programs, such as Atmanirbhar Bharat and Make in India, can be successful only if India can maintain a steady supply of key minerals.
A Comprehensive Strategic Partnership has been agreed upon between India and Australia, which was signed into law in 2009. (CSP). Recent announcements by Australian Prime Minister Julia Gillard included a $2 billion financing facility for vital mining projects, which is expected to stimulate trade between India and Australia.
Key Highlight:
- The Indian Institute of Technology (IIT)-BHU is leading an Indo-Australian research cluster in key minerals.
- It is critical to have access to essential minerals for the low-carbon economy and Digital India.
- There are several Australian universities involved, including Monash University, which business partners and world-renowned researchers support.
- According to Prof. Pramod Kumar Jain, the centre will produce revolutionary technologies over the next 5-7 years for Indian mineral industries through high resource recovery, decreased environmental footprint, energy and water use reductions and the preparation of highly skilled future sector leaders.
- There is funding available through the Study Melbourne Research Partnerships Program and from the Australia-India Strategic Research Fund, Department of Science & Technology, and Ministry of Mines.
- The center is also seeking support from other sources.
- The Indian government has set lofty goals in several areas, including creating 175GW of renewable energy by 2022.
A research cluster led by IIT-BHU focuses on vital strategic minerals important for manufacturing, a low-carbon economy, and Digital India, among other things.
“IIT-BHU leads the Indian side with partners IIT Bombay, IT Kharagpur, IT Roorkee, IIT Madras, IIT Kanpur, IIT Guwahati, and Indore, IT (ISM) Dhanbad and CSIR Labs,” stated Prof. Pramod Kumar Jain, director of IIT-BHU. There are several Australian universities involved, including Monash University, which business partners and world-renowned researchers support. Other Australian universities include RMIT and Melbourne’s university and the CSIRO and Deakin University, which is located in Queensland. He said that researchers from other nations in the region would be included when the hub is expanded to include the Indo-Pacific region. There is funding available through the Study Melbourne Research Partnerships Program and from the Australia-India Strategic Research Fund, Department of Science & Technology, and Ministry of Mines. The center is also seeking support from other sources.
International symposium on “Opportunities in critical minerals for Indo-Pacific region” will be organized with participation of Indian and Australian high commissioners, as well as the Indian Prime Minister Office, which will eventually lead to the establishment at IIT-BHU Varanasi of an Indo-Pacific Centre of Excellence for Critical Mineral Research Hub in due course..
According to Prof. Jain, the centre will produce revolutionary technologies over the next 5-7 years for Indian mineral industries through high resource recovery, decreased environmental footprint, energy and water use reductions and the preparation of highly skilled future sector leaders.
Creating a green economy would require a new generation of research leaders to promote innovation, and that’s exactly what the centre will provide for India’s minerals industry. Offering guidance, ideas, and experience to policymakers will help secure the necessary supply of resources to power the new energy economy and sustain future resource-related employment opportunities.
Several academic exchange programs, MoUs on ‘Education and Research and Skills’and on ‘Cooperation in the Mining and Processing of Critical and Strategic Minerals’will follow, with the Indo-Pacific area being the final destination.
He also mentioned that the Indian government has a large-scale industrial reform plan to increase manufacturing capacity while shifting to a low-carbon and digital economy. The Indian government has set lofty goals in several areas, including creating 175GW of renewable energy by 2022 and 450GW of renewable energy by 2030. Additionally, by 2030, it hopes to have 30 percent of all vehicles run on electricity, which necessitates the availability of certain minerals.
Many government programs, such as Atmanirbhar Bharat and Make in India, can be successful only if India can maintain a steady supply of key minerals. According to him, critical metals (CM) are essential for renewable energy applications, but future supplies are in doubt. Metals such as lithium, which is used in batteries, and rare earth elements, which are utilized in wind turbine magnets and electric vehicles, are “critical metals” for renewable power generation. Under the Prime Minister’s ambitious “Make in India” plan, the increasing manufacturing industry in India would require sturdy and resilient supply chains and new and cost-effective tools and flowsheets for recycling extraction and recovery operations.
According to him, critical metals (CM) are essential for renewable energy applications, but future supplies are in doubt. Renewable energy sources rely heavily on “critical metals,” such as lithium from batteries and rare earth elements from wind turbine magnets and electric car batteries.
According to Prime Minister Modi’s ambitious “Make in India” initiative, robust and resilient supply chains and new and cost-effective recycling extraction and recovery tools and flowsheets will be required to ensure the supply of critical minerals as demand rises due to the growing manufacturing sector.
On June 4, 2020, Prime Minister Narendra Modi and Prime Minister Scott Morrison of Australia participated in a virtual summit of India-Australia leaders and committed to elevating the bilateral Strategic Partnership, concluded in 2009, to a Comprehensive Strategic Partnership, he said (CSP).
For Australia, it’s important to help India build a domestic essential minerals processing industry so that Western nations don’t have to rely solely on Chinese imports.
Australia and India are now working on a Comprehensive Economic Cooperation Deal (CECA) Early Harvest agreement led by Tony Abbott AC, the former Australian Prime Minister. By signing the CECA now, countries will be on their way to formalizing their own “Free Trade Agreement,” which is expected to take place by the end of 2022. Recent announcements by Australian Prime Minister Julia Gillard included a $2 billion financing facility for vital mining projects, which is expected to stimulate trade between India and Australia.
Greetings from IIT(BHU) Varanasi…
— IIT(BHU),Varanasi (@IITBHU_Varanasi) October 20, 2021
IIT(BHU) to lead Indo-Australian research hub to carry out intensive research activities in field of strategic critical materials…https://t.co/7n7FrYYsZw pic.twitter.com/6WyuTKhHOc
Indo-Australian research hub to be opened at @IITBHU_Varanasi pic.twitter.com/LUxuBDqa9L
— Government of UP (@UPGovt) October 19, 2021
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