Latest news with #India-RussiaWorkingGrouponModernizationandIndustrialCooperation
India.com
07-08-2025
- Business
- India.com
Massive setback for US President Trump as India-Russia come together on critical..., Trump would be angry because...
Russian President Putin and PM Modi- File image India-Russia relations: In a massive update on India-Russia relations and a matter of bad news for US President Donald Trump, an official statement released by both the countries has declared that India and Russia are exploring opportunities in rare earth and critical minerals extraction, underground coal gasification, and creation of modern industrial infrastructure. Notably, the issue of critical minerals has been in news recently due to China's 'undeclared' restriction on its exports. What has been discussed under India-Russia Working Group? The issue came up for discussions during the India-Russia Working Group on Modernization and Industrial Cooperation meeting, which was held here under the framework of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation. Why Critical minerals are important for global development? Critical minerals such as copper, lithium, nickel, cobalt and rare earth are essential raw materials required to fuel the growth of rapidly-growing clean energy technologies and their expanding uses ranging from wind turbines and electricity networks to electric vehicles and battery manufacturing. As per a report by news agency PTI, the commerce and industry ministry said the key focus areas included cooperation in aerospace science and technology, including the establishment of a modernized wind tunnel facility, production of small aircraft piston engines, and joint development in carbon fibre technology, additive manufacturing, and 3D printing. 'Both sides also explored opportunities in rare earth and critical minerals extraction, underground coal gasification, and creation of modern industrial infrastructure,' it said. US President Trump threatens 100 pc tariffs on semiconductors, chips In another significant development, US President Donald Trump announced plans to impose a 100 per cent tariff on all imported semiconductors and chips in order to strengthen domestic production. 'A 100 per cent tariff (will be imposed) on all chips and semiconductors coming into the US. But if you've made a commitment to build (in the US), or if you're in the process of building (in the US), as many are, there is no tariff,' the President said during a meeting in the Oval Office with Apple CEO Tim Cook. (With inputs from agencies)
India.com
07-08-2025
- Business
- India.com
Dates Of Russian Presidents Visit To India Being Worked Out, No Specific Date Indicated By NSA: Report
National Security Advisor (NSA) Ajit Doval, who is in Moscow, has said that the dates of Russian President Vladimir Putin's visit to India are being worked out, sources said on Thursday, noting that no specific date or time has been indicated by the NSA in his engagements. The sources said the time of the end of August being reported in a section of the media is incorrect. According to a video posted by Sputnik News, Doval said in his remarks that India and Russia have a very special relationship. "We have got a very special relationship, long relationship and we highly value our strategic partnership. We have had high-level engagements and these have contributed very substantially," he said. "We are very excited and delighted to learn about the visit of His Excellency, the President of Russia, President Putin, to India. I think that the dates are almost finalized now. The more important thing is that the summit meetings have always been a watershed point," he added. Prime Minister Narendra Modi had visited Russia in July last year, and he and President Vladimir Putin highly appreciated the special nature of this time-tested relationship, which is based on trust, mutual understanding and strategic convergence. According to a joint statement after a meeting between the two leaders, they positively assessed the multi-faceted, mutually beneficial India-Russia relations that span all possible areas of cooperation, including political and strategic, military and security, trade and investment, energy, science and technology, nuclear, space, cultural, education and humanitarian cooperation. It was noted with satisfaction that both Sides are actively exploring new avenues for cooperation while further strengthening cooperation in the traditional areas. The 11th Session of the India-Russia Working Group on Modernization and Industrial Cooperation was held in national capital on Wednesday under the framework of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation.
