Agreement with 24 countries and talks with 11…This is how India is growing in the race for critical minerals under Modi rule.

The increasing demand for modern technologies like artificial intelligence, semiconductor, electric vehicle, defense and green energy has made critical minerals the world’s most important strategic asset. Now a new global competition has started between countries for control over these minerals. India is also rapidly strengthening its position in this race. In the last 24 months, India has signed agreements with 24 countries related to critical minerals, rare earth, lithium, cobalt, copper and semiconductor supply chain. At the same time, talks are going on regarding partnership with 11 other countries.

The objective of these agreements is not only to import minerals, but also to increase their exploration, investment, processing and technical cooperation. According to the map, India is preparing a network of its mineral supply chain in different parts of the world, so that there is no shortage of essential raw materials in future. This is also expected to strengthen high-tech manufacturing, chip manufacturing, battery production and defense sectors. India is now taking steps towards becoming not just a consumer but also an important partner of the global critical minerals ecosystem. Let us know with which countries India has partnered and what is its importance for the country.

Agreements with 24 countries, talks with 11 countries

According to the map, India has partnered with 24 countries at different levels in the last two years on critical minerals, rare earth and semiconductor supply chains. Apart from this, talks are going on with 11 other countries. The objective of these agreements is not only to buy minerals but also to strengthen exploration, processing, investment and technology cooperation. According to the map, India is creating a global mineral network for itself so that the resources required for future needs remain available.

With which countries did India make agreements?

India has formed various types of partnerships with countries like Canada, USA, UK, Germany, France, Italy, Netherlands, Ghana, DR Congo, Brazil, Zambia, Namibia, Argentina, Japan, Israel, Saudi Arabia, UAE, Vietnam, Indonesia, Malawi, Mozambique, Zimbabwe, Australia and Myanmar. These include cooperation in areas like critical minerals, rare earth, semiconductor, lithium, cobalt, copper and mineral exploration.

What are the talks going on with 11 countries?

India is discussing further partnerships with several countries including Russia, Kazakhstan, Mongolia, Uzbekistan, Kyrgyzstan, Turkmenistan, Tajikistan, Peru, Bolivia, Chile and Indonesia. The focus of these talks is on rare earth, copper, lithium, battery supply, mineral exploration and technology cooperation. Proposals with many countries are still at an early stage, while in some cases discussions on trade and investment are also ongoing.

Why are critical minerals important?

Critical minerals are considered the backbone of today’s modern economy. They play an important role in the manufacturing of semiconductors, electric vehicles, batteries, defense equipment, solar energy, wind turbines and high-tech electronics. For this reason, big countries of the world are engaged in creating a safe supply chain of these resources. India is also partnering with many countries under this strategy so that in future the shortage of essential minerals does not affect the country’s industries and technological development.

Agreements signed with these countries

Talks are ongoing with these countries

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