India’s commerce minister Piyush Goyal has emphasized that the country is actively pursuing free trade agreements (FTAs) to secure long-term supplies of critical minerals. Recent dialogues with Canada, Peru, and Chile highlight India’s intent to strengthen supply chains essential for clean energy, industrial expansion, and strategic sectors like aerospace.
India’s push for critical minerals via trade pacts
India is intensifying efforts to secure critical mineral supplies through bilateral and multilateral trade agreements. At the 7th India–Canada Ministerial Dialogue on Trade and Investment, both nations agreed to encourage long-term partnerships in minerals vital for the energy transition. Similarly, India has made substantive progress in FTA talks with Peru and Chile, focusing on cooperation in minerals, pharmaceuticals, and automobiles.
The government views critical minerals such as lithium, cobalt, and rare earths as central to its clean energy and industrial ambitions. Strengthening supply chain resilience through FTAs is expected to reduce import dependence, support domestic manufacturing, and accelerate India’s renewable energy roadmap.
Major takeaways
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India pursuing FTAs to secure critical minerals
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Canada partnership highlights clean energy and aerospace collaboration
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FTA talks with Peru and Chile include minerals and industrial sectors
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Critical minerals seen as vital for energy transition and manufacturing resilience
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Government strategy aims to reduce import dependence and boost domestic industry
Sources: The Hindu, Daily Pioneer, The Hindu BusinessLine, Economic Times, Channeliam