New Delhi, Apr 7: The Ministry of Mines has introduced the Minerals Concession Rules 2026, aimed at boosting the exploration and production of critical minerals essential for electric vehicles, high-tech electronics, and defence equipment, according to an official statement on Monday.
Pic Credit: Pexel
Effective from March 30, 2026, the new rules provide a clear framework for:
- Incorporating contiguous areas into existing mining leases,
- Granting composite licences for deep-seated minerals, and
- Including associated minerals in the mining leases of both major and minor minerals.
The updated framework is expected to streamline the exploration process, attract investment, and strengthen domestic supply chains for strategic minerals. Officials noted that this initiative will reduce India’s dependence on imports and support emerging sectors such as electric mobility and advanced electronics.
Industry experts believe the rules could accelerate critical mineral production, enhance India’s global competitiveness in the mining sector, and contribute significantly to the country’s industrial and technological growth.
