The Indian Space Research Organisation (Isro) has announced the ambitious project as a way of the country meeting its energy needs.
It intends to mine the Helium-3 rich lunar dust, generate energy from that and then bring it back to Earth.
Isro’s Moon mining plans were revealed by Dr Sivathanu Pillai, professor at the space agency.
onlookers watch the launch of the Isro Polar Satellite Launch Vehicle
Speaking at a conference in New Delhi, Pillai, former chief of BrahMos Aerospace, said that mining lunar dust was a priority programme for his organisation.
In a written reply to the Lok Sabha on 29 March, minister of state in charge of atomic energy and space Jitendra Singh said: “Technology is ready for transfer to Indian industries for undertaking the production of Li-ion batteries. BHEL has expressed interest in the transfer of technology.”
The plan of the lunar dust mining comes in the backdrop of India’s plan to cut down on dependence in imported hydrocarbons by 10 percentage points by 2022.
Supermoon in pictures
Mon, November 14, 2016
STARGAZERS around the world are looking forward to catching a glimpse of the biggest supermoon in nearly 70 years, take a look back at other phenomenal supermoon's over the years.
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The 'supermoon' as seen from various countries
India’s energy demand growth is expected to outpace that of the other Bric (Brazil, Russia, India and China) countries, according to the latest BP Energy Outlook.
Isro’s success on this front will also help reduce pollutants and India’s fuel imports.
This assumes significance given India’s energy import bill of around £117 billion ($150bn), which is expected to reach £234bn ($300bn) by 2030.
Onlookers watch an Isro rocket launch
India imports around 80 per cent of its oil and 18 per cent of its natural gas requirements. India imported 202 million tonnes of oil in 2015-16.
Isro has successfully launched 225 satellites to date.
The space agency launched 104 satellites in one go in February this year, a world record.