India Secures Critical Minerals from Peru, Chile, Argentina

24 Sep 2025 CW Team

India is accelerating efforts to secure stable supplies of critical minerals from Peru, Chile, and Argentina, aiming to strengthen its renewable energy and green mobility sectors.

This move comes amid supply chain disruptions caused by China’s restrictions on exports of rare earth magnets and tunnel boring machines (TBMs), which have impacted Indian industries. High-level talks with Peru are focusing on lithium, copper, and rare earth imports. Meanwhile, free trade agreement (FTA) negotiations with Chile are due to begin soon, while Argentina offers opportunities in critical minerals, energy, and agriculture.

China’s export curbs have doubled the number of Indian firms awaiting rare earth licences, affecting automakers such as Ashok Leyland ahead of the festive season. To mitigate the shortage, India is considering a strategic rare earth reserve for defence, alongside bilateral agreements and mining law reforms to support overseas and domestic projects.

The National Critical Mineral Mission, backed by a $4 billion investment, underlines India’s push for self-reliance amid a $100 billion trade gap, reinforcing clean energy targets.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..