India and US Near Major Critical Minerals Agreement with Big Announcement Expected Soon

NEW DELHI, March 13: Sergio Gor has stated that the United States and India are close to finalising a significant agreement on critical minerals, with an official announcement expected in the coming months.

Speaking at a major public forum, the envoy said the proposed partnership would strengthen supply chains essential for advanced manufacturing, clean energy systems and next-generation technologies. He noted that both countries are working closely to convert discussions into concrete outcomes.

According to him, the deal represents an important step toward securing reliable access to key resources that support global industries. He emphasised that cooperation in this area is not only about trade, but also about long-term economic resilience and technological advancement.

Gor highlighted that recent developments between the two nations reflect growing momentum in bilateral relations. He described the progress in trade dialogue, strategic coordination and technology collaboration as positive signs of deeper engagement.

The ambassador also referred to ongoing efforts to expand economic ties, including discussions linked to a broader bilateral trade framework. Both sides have previously outlined plans to pursue agreements aimed at enhancing market access and strengthening supply chain stability.

Officials from both governments have indicated that continued negotiations are focused on achieving balanced benefits while supporting domestic industries and innovation ecosystems.

The proposed critical minerals partnership is expected to play a key role in sectors such as electric vehicles, renewable energy infrastructure, semiconductors and defence manufacturing.

With both nations signalling strong political will, observers anticipate that further details will be revealed once the agreement reaches its final stages of approval and formal announcement.