India and France Sign Declaration on Critical Minerals Collaboration

India and France have signed a declaration of intent to deepen cooperation in critical minerals, encompassing exploration, extraction, processing, and recycling technologies, as per ANI report. 

Bilateral Cooperation Highlights 

Prime Minister Narendra Modi and President Emmanuel Macron agreed to create diversified, sustainable supply chains for critical minerals and rare earths.  

A joint advanced technology development group will be constituted, alongside a centre for advanced materials between India's Department of Science and Technology and France's CNRS. 

Strategic and Economic Significance 

Critical minerals are essential for green technologies, digital economies, and advanced manufacturing.  

The partnership aims to reduce supply chain vulnerabilities and support emerging technologies. Both nations also amended their double tax avoidance agreement. 

Indo-Pacific Collaboration 

Both leaders reaffirmed commitment to a rules-based Indo-Pacific region, enhancing cooperation under the 2018 Joint Strategic Vision and 2023 Indo-Pacific Roadmap.  

Initiatives include solar energy training via the International Solar Alliance and disaster resilience projects under the Coalition for Disaster Resilient Infrastructures. 

Read More: India is in Talks with Canada, France, Brazil, Netherlands on Critical Minerals Deals! 

Multilateral Reform Advocacy 

India and France called for reformed multilateralism to address global challenges, emphasizing UN Security Council reform.  

They highlighted progress in the Indo-Pacific Triangular Development Cooperation, focusing on climate and SDG projects in digital startups, health, and infrastructure. 

Conclusion 

The India-France critical minerals agreement and broader strategic partnership underscore mutual commitments to sustainable supply chains, technological innovation, and global stability through multilateral cooperation. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.