India in talks with multiple countries to develop critical minerals for domestic needs: Piyush Goyal
India is actively seeking partnerships with nations like the US for critical mineral development. The country is also engaged in dialogues to build more resilient global supply chains. India's economy continues its strong growth trajectory, remaining the fastest among major economies. Nine trade agreements have secured access to markets with a combined GDP of sixty trillion dollars. These…
India is currently engaging in discussions with several nations, including the United States, to establish collaborations and partnerships for the processing and development of critical minerals that cater to domestic needs, stated Union Commerce and Industry Minister Piyush Goyal. During his remarks at the 66th Annual Session of the Automotive Component Manufacturers Association of India (ACMA), Goyal highlighted India's active participation in the Critical Minerals Partnership and the Pax Silica grouping, as well as its ongoing engagements with partners in the UK and Europe to enhance the resilience of critical mineral supply chains.
Goyal emphasized that India is actively seeking collaborations with multiple countries to promote the processing and development of critical minerals to fulfill domestic requirements.
Furthermore, Goyal underscored India's economic resilience, asserting that the nation has maintained a robust growth trajectory even amidst global turbulence, with the latest growth rate standing at 7.8 percent, which is the highest among major economies worldwide. He also highlighted the country's significant trade expansion, having secured access to markets representing a combined GDP of approximately USD 60 trillion through nine trade agreements finalized over the past four to five years.
This expansion provides Indian exporters with unprecedented opportunities to engage with markets valued at USD 60 trillion in combined GDP.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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