1 week ago
India, Japan Consider Joint African Investments for Critical Minerals
India and Japan need certain minerals that are important for modern industries.
Much of the world depends on China for these minerals.
The minerals may also be found in only a few countries.
Some countries have restricted access to their supplies.
Indian and Japanese business leaders are considering working together in Africa.
They could invest in mining projects and share supply opportunities.
They also want to make sure they can obtain enough minerals in the future.
FICCI President Anant Goenka said this issue should be an important focus for both countries.
India and Japan are discussing joint investments in Africa to secure critical-mineral supplies.
FICCI President Anant Goenka said business leaders are exploring cooperation on mining and supply security.
Goenka said global dependence on China for critical minerals is increasing.
He said critical minerals are either concentrated in a few countries or restricted by some countries.
The discussions took place during Indian and Japanese business and government engagements in Tokyo.
- Who
- Indian and Japanese business leaders, including FICCI President Anant Goenka, are discussing cooperation.
- What
- They are considering joint investments in Africa to expand mining capabilities and secure critical-mineral supplies.
- Where
- The official engagement was held in Tokyo, while the proposed investments would be in Africa.
- When
- The engagement described in the article took place on Monday; no specific date is provided.
- Why
- The countries are concerned about global shortages, supply restrictions, and growing dependence on China for critical minerals.
Key facts
- Main proposal
- Joint Indian-Japanese investments in Africa
- Focus
- Critical-mineral supplies and mining capabilities
- Business representative
- Anant Goenka, FICCI President and Vice Chairman of RPG Group
- Supply concern
- Critical minerals are concentrated in a few countries or have been restricted by some countries
- Global dependency
- The discussion identifies growing dependence on China for critical minerals
- Engagement location
- Tokyo
- Organizations represented
- The Federation of Indian Chambers of Commerce and Industry, Japan Bank for International Cooperation, and Japan External Trade Organization
Quotes
Anant Goenka
FICCI President and Vice Chairman of RPG Group
“I think we can work jointly, whether it is negotiating together, sharing an opportunity with each other of whatever supplies that each have.”
indianexpress.com
Sources
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