Try GOLD - Free
India seeks critical minerals in US deal
Mint Ahmedabad
|March 24, 2025
Mineral pact in BTA aimed to secure EV tax credits in US
Indian trade officials are pushing their American counterparts to stitch their recent critical minerals deal into an upcoming trade agreement, two people aware of the discussions said, a tweak that may unlock US tax benefits for electric vehicles and batteries using these scarce resources.
The October agreement aimed to strengthen supply-chain resilience for critical minerals such as lithium and cobalt. While India ranks third in the world for rare earth reserves, the US holds the seventh position. In January, India unveiled its own ₹34,300 crore critical minerals mission to achieve self-reliance in critical minerals.
Discussions on modifying the minerals pact have picked up as work on a Bilateral Trade Agreement (BTA) gains momentum, one of the two people cited above said. "New Delhi is pushing to upgrade the existing Memorandum of Understanding (MoU) into a full-fledged partnership agreement, aiming to integrate it into broader trade negotiations," this person said on the condition of anonymity.
This story is from the March 24, 2025 edition of Mint Ahmedabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Ahmedabad
Mint Ahmedabad
Trump's bets on China and Argentina are souring fast
When it comes to US foreign economic polic policy, President Donald Trump’s administration has two problems on its hands.
3 mins
November 18, 2025
Mint Ahmedabad
Centre mulls cut in PLI auto sops to ₹2,000 cr for FY26
Scheme has faced challenges including localization requirements and delays in disbursal
2 mins
November 18, 2025
Mint Ahmedabad
SGX to list Bitcoin, Ether perpetual futures on 24 Nov
Traders in SGX's perpetual futures won't automatically get liquidated if a sudden market shift upsets their positions.
2 mins
November 18, 2025
Mint Ahmedabad
Do pre-IPO gains get long-term tax status?
I live in Australia and I own shares in a Indian company which got recently listed. I invested about 1.5 years back when it was not listed. When I sell the shares now, will it be considered as shortor long-term gains? —Name withheld on request
1 mins
November 18, 2025
Mint Ahmedabad
OTTs chase regional content with higher spends but viewership trails
Platforms need carefully considers content strategies to ensure they are meeting the needs but viewership trails
1 mins
November 18, 2025
Mint Ahmedabad
India's music stardom has moved from film sets to feeds
A few verses, a guitar, and an Instagram Reel were enough to catapult Anumita Nadesan into the national spotlight.
2 mins
November 18, 2025
Mint Ahmedabad
A. Vellayan, known for visionary bets, passes away at 72
His friends and peers called Arunachalam Vellayan (72), former chairman of Murugappa group who passed away in Chennaion Monday, a man with a high level of business acumen and an ability to see the future.
1 mins
November 18, 2025
Mint Ahmedabad
Sebi has started review of listing, disclosure norms
The Securities and Exchange Board of India (Sebi) has begun work on a review of the Listing Obligations and Disclosure Requirements (LODR), its chairperson Tuhin Kanta Pandey said, setting the stage for what could be one of the regulator's most significant cleanups of corporate disclosure rules in recent years.
1 mins
November 18, 2025
Mint Ahmedabad
INSIDE AP'S NEW MANTRA: 'SPEED OF DOING BUSINESS'
Nara Lokesh is facing off against rival states and historical financial strain. Can he repeat his father's legacy?
9 mins
November 18, 2025
Mint Ahmedabad
Marico’s margin on slippery slope despite healthy demand
The Marico Ltd stock hit a new 52-week high of ₹764.65 on the NSE on Monday after its consolidated revenue surged 31% year-on-year to ₹3,482 crore in the September quarter (Q2FY26), led by broad-based growth across product categories.
1 mins
November 18, 2025
Listen
Translate
Change font size