Indian Prime Minister Narendra Modi is set to visit Indonesia next week for discussions with President Prabowo Subianto, with a significant focus on enhancing cooperation in the field of critical minerals. The visit underscores India’s strategic move to secure a stable supply of essential minerals and foster broader economic ties with Indonesia.
According to Indian Ambassador Sandeep Chakravorty, both nations are in the process of drafting several memorandums of understanding that span sectors such as critical minerals, healthcare, pharmaceuticals, education, and space. While some of these agreements are anticipated to be finalized during Modi’s visit, others remain in the negotiation phase.
India is keen on strengthening its collaboration with Indonesia to boost the processing and manufacturing of critical minerals. The envisioned partnership includes setting up production facilities in Indonesia, ensuring a steady supply for the Indian market and for global exports. Additionally, discussions are ongoing regarding potential joint ventures with Indonesian partners.
Indonesia, recognized as the world’s leading nickel producer, is a strategic ally for countries looking to secure critical mineral supplies for use in electric vehicles, batteries, and other advanced technologies. The Indonesian government mandates that nickel be processed domestically prior to export, thereby stimulating investment in downstream industries.
This visit is part of India’s larger strategy to enhance its critical mineral supply chains and reduce reliance on external sources. By deepening economic collaboration with Indonesia, India aims to fortify its position in the global market for these essential resources.