Tag: india

The Federal government is confident a new investment partnership with India can unlock mutual benefits for both countries from Australia’s world-leading critical minerals sector. Australia’s Minister for Resources and Water, Keith Pitt, has announced $5.8 million in funding to support a three-year Australia-India Critical Minerals Investment Partnership. “Australia and India are natural partners sharing mutual strategic and economic priorities and this Partnership will support further Indian investment in Australian critical minerals projects,” Minister Pitt said. “It is the first of its kind and represents a step-change in how countries can work together to support key industries and pursue growth opportunities. “Our combined capabilities will take on the challenge of resourcing the emerging technologies used in sectors such as defence, aerospace,...

AUSTRALIA and India have declared a new Memorandum of Understanding (MoU) on critical minerals. The announcement was a key outcome of the virtual meeting between Prime Minister Scott Morrison and Indian Prime Minister Narendra Modi to elevate the relationship between the two nations to a Comprehensive Strategic Partnership. It’s a further step forward towards Australia establishing itself as a reliable supplier of the critical minerals needed to grow India’s manufacturing sector and its defence and space capabilities. Resources Minister Keith Pitt said India was a key potential market for Australia’s critical minerals. “My department has worked closely with the Ministry of Mines to develop the MoU, which focuses on avenues to increase trade, investment and R&D in critical minerals between...