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Pradeep Kumar

03/06/21 11:30 AM IST

MoU b/w India and Argentine

In news

Cabinet approves Memorandum of Understanding between India and Argentine Republic on cooperation in the field of Mineral Resources.
The MoU will provide an institutional mechanism for cooperation in the field of Mineral Resources.

Objective
  • The objectives of the MoU are to strengthen the activities involved like cooperation for encouraging minerals exploration and development, including extraction, mining and beneficiation of lithium; possibilities of forming joint venture in the field of base metals, critical and strategic minerals for mutual benefit;  exchange of technical and scientific information and interchange of ideas and knowledge; training and capacity building; and promotion of investment and development in the area of mining activities, would serve the objective of innovation.
Why?

Currently, India is heavily dependent on import of these cells and the move to ink sourcing pacts for lithium a key source of both the raw material and cells.

Source: PIB 

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