Khanij Bidesh India Ltd. (KABIL) is a company formed by the Government of India to secure mineral resources for the country. The name "Khanij Bidesh" translates to "Mineral Foreign" in English, indicating the company's focus on securing mineral assets abroad.
KABIL was established to ensure a steady supply of critical minerals and metals for India's industrial needs, especially those that are not abundantly available within the country. This strategic move is aimed at reducing the dependence on imports and securing essential raw materials to support various industries.
It is a joint venture company established by the Ministry of Mines in India. It involves the participation of three Central Public Sector Enterprises (CPSEs):
National Aluminium Company Ltd. (NALCO) – 40%
Hindustan Copper Ltd. (HCL) – 30%
Mineral Exploration Corporation Ltd. (MECL) – 30%
Primary features of KABIL are:
Overseas Exploration and Acquisition: KABIL carries out various activities related to strategic minerals: identification, acquisition, exploration, development, mining, and processing.
International Partnerships: The company engages in collaborations and partnerships with other countries, international corporations, or entities involved in the exploration and extraction of minerals. These partnerships are crucial for securing access to global mineral resources.
Risk Mitigation: KABIL may implement strategies to mitigate risks associated with the exploration and extraction of minerals. This could involve thorough assessments of geopolitical, economic, and environmental factors that may impact the supply chain.
Government Support: As a government-owned entity, KABIL likely receives support from the Indian government, both in terms of financial backing and regulatory support. This support is essential for the successful execution of the company's objectives.
Market Research and Analysis: KABIL is expected to conduct comprehensive market research and analysis to identify trends, demands, and potential opportunities in the global mineral market. This information is crucial for making informed decisions about investments and acquisitions.
Infrastructure Development: To facilitate the extraction, transportation, and processing of minerals, KABIL may be involved in infrastructure development projects, both domestically and internationally.
KABIL builds partnerships with other mineral-rich countries, such as Australia, Africa, and South America. It has recently signed an agreement with Argentina-based CAMYEN SE for the first-ever Lithium exploration and mining project.
Subscribe to Zinkpot Capital on YouTube for videos and more such content. Click here
Comments
Write Comment