New Delhi, May 26 (IANS) The India-led Quad, comprising India, Australia, Japan and the United States, has announced plans to mobilise up to $20 billion in combined government and private sector investment to strengthen critical minerals supply chains and reduce dependence on concentrated global sources, according to a framework released on Tuesday.Under the Quad Critical Minerals Initiative Framework, the partner countries said they intend to support the development of secure, diversified and r…
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New Delhi, May 26 (IANS) India and the US on Tuesday signed a strategic agreement to deepen cooperation in critical minerals and rare earths which constitute key materials for making semiconductors, electric vehicles, solar panels and high-tech defence products.The pact comes in the backdrop of growing global concerns on China’s dominance over these critical inputs which gives the communist giant the power to disrupt global supply chains.The agreement was signed during the Quad Foreign Ministe…
New Delhi, May 26 (IANS) The Quad foreign ministers on Tuesday sharpened their focus on trade, energy security and maritime cooperation, with India, the US, Australia and Japan announcing a series of initiatives aimed at strengthening economic resilience and supply chain stability across the Indo-Pacific region.The discussions took place during the Quad grouping, hosted by India in its capacity as the current chair of the grouping.External Affairs Minister S Jaishankar, US Secretary of State Mar…
New Delhi, May 26 (IANS) Japanese Foreign Minister Toshimitsu Motegi said on Tuesday that the Quad Foreign Ministers’ Meeting showcases “an unshakable and firm message” to the world that the grouping will promote practical cooperation to realise a free and open Indo-Pacific. In his opening remarks at the Quad Foreign Ministers’ Meeting in New Delhi on Tuesday, Motegi mentioned his special fondness for the Quad meeting.”I want to thank Jai for hosting this meeting. Back in 2019 September, when I …
New Delhi, May 24 (IANS) India and the United States are close to finalising a long-awaited bilateral trade agreement that will be “beneficial”, “sustainable”, and aligned with the national interests of both countries, US Secretary of State Marco Rubio said on Sunday.He also underlined that the broader India-US strategic partnership continues to move in a positive direction despite trade-related differences witnessed over the past year.Rubio made the remarks after holding extensive talks with Ex…
New Delhi, May 24 (IANS) US Secretary of State Marco Rubio said on Sunday that India and the US are strategically aligned on several key global issues, including critical minerals, supply chains and terrorism. He called India “one of the most important strategic partners” for the US in the world. While addressing a joint press briefing with External Affairs Minister S Jaishankar on Thursday, Rubio said that India and the US have suffered due to global terrorism networks. He noted that India and …
New Delhi, May 20 (IANS) South Korean President Lee Jae Myung’s recent visit to India resulted in further deepening of economic relations between the two countries, but there is a need for Seoul to seize the opportunity to build a broader strategic partnership with India, which would help mitigate its acute vulnerabilities in maritime security, supply chains, and technological resilience, according to an article in The Korea Times.India, for its part, sees South Korea as a vital source of inve…
Washington, May 19 (IANS) US Vice President JD Vance said the Trump administration was rebuilding American manufacturing after decades of industrial decline, arguing that Washington had finally begun prioritising domestic workers and reducing dependence on overseas production hubs such as China.In a major policy speech in Kansas City, Missouri, Vance said the administration’s economic agenda as a direct response to years of factory closures and job losses in industrial communities across the U…
New Delhi, May 12 (IANS) Union Commerce and Industry Minister Piyush Goyal on Tuesday said India and Chile reviewed the progress of negotiations for the proposed Comprehensive Economic Partnership Agreement (CEPA) and discussed ways to further strengthen bilateral trade, investment and strategic cooperation between the two countries.In a post on social media platform X, Goyal said he held discussions over breakfast with Chile’s Foreign Minister Francisco Perez Mackenna and members of the Chile…
Mumbai, May 11 (IANS) India’s approach towards Free Trade Agreements (FTAs) is focused on building stable and future-ready partnerships that enable domestic industries to integrate more effectively with global value chains, Commerce Secretary Rajesh Agrawal said on Monday.Speaking at a session on “FTAs as Catalysts for Growth in Global Trade” during the CII Annual Business Summit 2026 here, Agrawal said that in an increasingly fragmented global landscape, trade resilience, long-term predic…