India, Brazil sign agreement on critical minerals; 'major step in building a resilient supply chain,' says PM Modi

India and Brazil have formalized their strategic partnership by signing a Memorandum of Understanding (MoU) focused on critical minerals and rare earth elements. This agreement is seen as a significant advancement in strengthening supply chains, particularly in the context of global economic shifts and the increasing demand for these essential resources. Prime Minister Narendra Modi emphasized that the collaboration marks a major step towards building a resilient supply chain, which is crucial for both nations as they aim to enhance their technological capabilities and reduce dependency on external sources. The partnership aligns with India's broader goals of self-reliance in the minerals sector, particularly as the country seeks to boost its manufacturing and green energy initiatives. As both countries continue to explore opportunities in this sector, the MoU is expected to pave the way for joint ventures and investments, ultimately benefiting their economies and fostering greater cooperation in various fields.