India Addresses Technology and Rare Earth Supply Challenges Amid Global Constraints
10 hours agoBusiness
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4 SourcesBeijing, China
TBNthebalanced.news

India Addresses Technology and Rare Earth Supply Challenges Amid Global Constraints

India faces challenges in securing critical technology and materials amid global supply chain constraints. Chinese restrictions on technology transfers, especially in electric vehicle batteries, hinder Indian industrial growth. In response, India is pursuing strategic autonomy by developing its rare earth magnet industry and securing supply chains for key minerals. Initiatives like the U.S.-led Pax Silica aim to promote stable access to critical minerals and advanced manufacturing technologies, highlighting the global importance of reducing dependencies and fostering technological self-reliance.

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