{
  "id": 5124586,
  "title": "Goyal calls for resilient supply chains, while Gor stresses fair and reciprocal India-US trade",
  "url": "https://urgent.news/2026/09/02/goyal-calls-for-resilient-supply-chains-while-gor-stresses-fair-and",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T16:05:44.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/foreign-trade/goyal-calls-for-resilient-supply-chains-while-gor-stresses-fair-and-reciprocal-india-us-trade/articleshow/133715197.cms"
  },
  "original_language": "en",
  "account": "New Delhi: Commerce and Industry Minister Piyush Goyal emphasized the importance of resilient supply chains and fair trade relations during a discussion at the 66th Annual Session of the Automotive Component Manufacturers Association of India (ACMA) in New Delhi. Simultaneously, US Ambassador Sergio Gor highlighted the strong India-US partnership at a \"historic high-point\", according to the source.<br><br>Goyal stated that India is in talks with countries like the UK and EU to enhance collaboration and partnerships for the processing and development of critical minerals based on the country's requirements. These collaborations aim to build resilient supply chains and ensure that no single geography can weaponize trade. The US and India are also working together in the critical mineral partnership and the Pax Silica initiative, involving like-minded, democratic, and fair-played countries.<br><br>Goyal mentioned that trade deals with the Gulf Cooperation Council and Israel will be finalized once regional conditions improve. These pacts will facilitate greater access to critical minerals and resilient supply chains. Gor emphasized that the India-US relationship extends beyond trade in goods, with the two countries partnering on various aspects, including manufacturing, R&D, and distribution.<br><br>Goyal criticized opposition parties and former finance secretary Subhash Garg for misguiding the public regarding India's 7.8% GDP growth. He clarified that the growth rate is a reality and not influenced by changes in the base year for comparisons. Goyal also addressed the demand for workers, particularly in the textile sector, expressing support for the industry's need for more manpower.",
  "summary": "In a strategic move, India is ramping up its partnerships on critical minerals with countries including the UK and the EU. Trade agreements are under negotiation to secure vital mineral resources. The nation is also enhancing its relationship with the US via initiatives centered on critical minerals. Additionally, the government is working to simplify regulations for high-tech manufacturing,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}