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.
From mobile phones to e-vehicles, all modern tech dependent on critical minerals. Bidding to likely be completed within a month. J&K's 5.9 mn tonne lithium reserve could be on auction list.
The upcoming policy, currently under deliberation, comprises strategic measures to fortify India’s supply chain for critical minerals, vital for technology and industry.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
COMMENTS