India-US Trust to drive economic cooperation

THE COLLABORATION BETWEEN INDIA AND THE US WILL BE A SIGNIFICANT MILESTONE IN THIS REGARD,

- Press Trust of India

NEW DELHI: India-US TRUST (Transforming Relationship Utilizing Strategic Technology) will pave the way for economic and technological cooperation between the two countries, while focus on the IMEC framework will deepen collaboration in infrastructure and economic corridors, according to industry experts.

Prime Minister Narendra Modi and US President Donald Trump have agreed on the Trust initiative, to emphasise on creating strong supply chains of critical minerals, advanced materials, and pharmaceuticals.

As per a joint statement issued after the Trump-Modi meeting in Washington, both countries have decided to launch a recovery and processing initiative for strategic minerals such as lithium and rare earth.

The two sides will also work together on economic corridors and connectivity infrastructure under the IMEC (India-Middle East-Europe Economic Corridor) and I2U2 frameworks.