New Delhi: India is working on another important trade agreement. After deals with the US and the European Union, India is now in talks with Chile. This new agreement can help India get important minerals and reduce its dependence on China.
Chile is rich in natural minerals like lithium and copper. Lithium is used in mobile phone batteries, electric vehicles, and energy storage systems. As the world moves towards clean energy, the demand for lithium is rising fast.
Copper is also very important. It is used in electricity wires, buildings, machines, and many other products. A large part of the world’s copper comes from Chile.
Right now, many countries depend on China for rare minerals and materials. India also imports some important materials from China. If India signs a strong deal with Chile, it can get minerals directly and safely.
This will help Indian industries, especially electric vehicle companies and renewable energy projects. It will also reduce the risk of supply problems in the future.
In today’s world, countries need resources to grow. Money alone is not enough. Minerals like lithium and copper are very important for development. By working closely with Chile, India is trying to secure its future and become more self-reliant.
If this deal is finalized, it could become a big boost for India’s economy.