India and the United States are negotiating an agreement to boost collaboration in vital minerals. The issue will focus on India’s Commerce and Industry Minister Piyush Goyal’s visit to Washington from September 30 to October 3. The visit is at the invitation of US Secretary of Commerce Gina Raimondo.
Goyal and Raimondo will address methods for diversifying and expanding vital mineral supply networks between India and the United States. According to the Commerce Ministry, both countries are negotiating a Memorandum of Understanding (MoU) to capitalise on their complementary strengths and increase cooperation in essential minerals such as cobalt, lithium, nickel, and rare earth elements, which are critical for clean energy technologies such as electric vehicle batteries and wind turbines.
In addition, Goyal will meet with US Trade Representative Katherine Tai to discuss continued trade engagement through the Trade Policy Forum and prospective options for increasing bilateral trade. He will co-chair the India-US CEO Forum and the 6th India-US Commercial Dialogue on October 2 and 3, to strengthen economic connections and improve the business environment.
Goyal will also meet with American and Indian CEOs to discuss investment prospects in India, emphasising strategic collaborations in crucial sectors such as clean technology and supply chain resilience.
