INITIATIVE TO COVER CRITICAL MINERALS, CHIPS India left out of US-led supply chain coalition

A NEW US-LED strategic initiative, Pax Silica, which aims to build a secure supply chain ranging from critical minerals and energy inputs to advanced manufacturing and semiconductors, does not include India.

- RAVI DUTTA MISHRA

This comes at a time when an India-US trade deal remains elusive despite several high-level talks and rounds of technical negotiations.

Delhi has been vying for opportunities during the ongoing global supply chain realignment as US and European companies are looking to diversify away from China. The West’s diversification push has gathered pace, especially after China imposed restrictions on rare earth magnets, disrupting global supply chains.

A US Department of State statement said the inaugural Pax Silica Summit convenes counterparts from Japan, the Republic of Korea, Singapore, the Netherlands, the United Kingdom, Israel, the United Arab Emirates and Australia. “Together, these countries are home to the most important companies and investors powering the global AI supply chain,’ the statement said.