Technology used: Artificial Intelligence (AI) for real-time monitoring
Key objectives: Monitor supply chains, identify risks, generate market intelligence, support clean energy transitions
Related Indian scheme: National Critical Mineral Mission (NCMM) – ₹16,300 crore for seven years (2024-25 to 2030-31)
Also launched alongside GSCO: Regional Maritime Security Centre of Excellence (RMSCE)
Critical minerals examples: Lithium, cobalt, nickel, graphite, copper, rare earth elements
Primary uses: EV batteries, solar panels, wind turbines, semiconductors, defence equipment
Frequently Asked Questions (FAQ)
Q1: What is the purpose of the Global Supply Chain Observatory?
A: The GSCO is an AI-driven platform to monitor global critical mineral supply chains in real time. It will identify supply risks, track disruptions, and provide market intelligence to help governments and industries make better decisions.
Q2: Who are the key officials who launched the GSCO?
A: The observatory was launched by G. Kishan Reddy , India’s Minister of Coal and Mines, and Yvette Cooper , the United Kingdom’s Foreign Secretary.
Q3: Which institutions will run the GSCO?
A: It will be jointly operated by TEXMiN (Technology Innovation in Exploration and Mining Foundation), IIT (ISM) Dhanbad , and the University of Cambridge .
Q4: How much funding has been allocated for the GSCO?
A: The observatory will be set up with £1.2 million (about ₹12.5 crore). A satellite observatory will be established at IIT Dhanbad’s Mining Innovation Hub.
Q5: How does the GSCO connect to India’s National Critical Mineral Mission?
A: The GSCO will provide supply chain intelligence and risk analysis that directly supports the National Critical Mineral Mission (NCMM) , helping India secure its critical mineral needs and strengthen domestic capabilities.