Union Minister of State for Coal and Mines Satish Chandra Dubey held a meeting with Sunil Handunnetti, Minister of Industry and Entrepreneurship Development of Sri Lanka, on Saturday.
The discussions aimed at enhancing bilateral cooperation in mineral exploration and mining, specifically in securing key minerals essential for both countries’ economic and industrial growth.
A major stress was placed on Sri Lanka’s massive graphite and beach sand mineral resources, which hold significant potential in providing assistance in the global shift towards clean energy, advanced battery technologies, and high-tech industries.
During the meeting, both leaders affirmed the significance of fostering collaboration in mineral exploration and mining opportunities for Indian companies in Sri Lanka.
Dubey emphasised that India’s National Key Mineral Mission is initiated with an objective to secure a steady supply of essential raw materials like lithium, graphite, nickel, cobalt, and copper to assist the country’s ambitious renewable energy aspirations.
He further stated that India is actively working towards granting mining rights for major minerals, forming international partnerships, and promoting Indian companies to obtain mineral assets globally.
Both sides engaged in comprehensive discussions on exploration opportunities, technological collaboration, and investment prospects in these sectors.
The chances of mineral exploration on a Government-to-Government (G2G) basis were also discussed, with the Geological Survey of India (GSI) expressing its interest in conducting mineral assessments in Sri Lanka.
Additionally, Sri Lanka urged India to promote Indian companies to take part in the exploration and development of its beach sand and graphite resources.
The finalisation of the Memorandum of Understanding (MoU) on “Cooperation in the Field of Geology and Mineral Resources” between India’s Ministry of Mines and Sri Lanka’s Geological Survey & Mines Bureau was also discussed.
Mr. Dubey expressed confidence that this MoU, once ended, will provide a strong foundation for deepening collaboration in capacity building, mining exploration, and advanced mineral processing.
He also reiterated India’s commitment to assisting Sri Lanka in skill development, knowledge exchange, and modernising its mining industry through technological and financial assistance.
Speaking on the program, Dubey stated, “India and Sri Lanka share a long-standing partnership, and our cooperation in the mining sector will further strengthen our economic ties. By working together, we can harness the full potential of our mineral resources, ensuring mutual growth and sustainability.”
The meeting wrapped up on a positive note, with both leaders consenting to increase efforts toward developing agreements and exploring new avenues for cooperation in the mineral sector.
