25 minerals exempted from customs duty. Sitharaman also announced setting up of ‘Critical Mineral Mission’ for production, recycling, and overseas acquisition of mineral assets.
This is a first-of-its-kind initiative for FTAs. The meeting was attended by the Commerce Secretary of India, Sunil Barthwal, and the Deputy Secretary of Foreign Affairs and Trade of Australia, George Mina.
The summit emphasised the need for a cluster-based approach to promote synergies in mineral extraction, refining, and end-use, especially for low-carbon technologies.
Trilateral dialogue comes as India attempts to position itself as a manufacturing hub of critical technologies such as semiconductors, where South Korea is a global leader.
Blocks up for auction contain critical minerals such as lithium, rare earth elements, and molybdenum, among others. They are located across 7 states and 1 Union territory.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
COMMENTS