India Seeks Raw Materials From Argentina Indonesia And Oman

30 Mar 2026 CW Team

India will hold talks with Argentina, Indonesia and Oman at a global steel summit next month as it seeks to boost supplies of steelmaking raw materials such as coking coal and iron ore and to access technology, two sources with direct knowledge told Reuters. The discussions are part of a broader effort by the government to secure upstream inputs and to support rising domestic steel production driven by infrastructure spending and economic growth.

New Delhi relies on ferronickel imports for stainless steel manufacturing and is engaging Indonesia, which holds the world's largest nickel ore reserves, to ensure supply chains for nickel and related inputs. The country also imports iron ore from Oman and Brazil and has recently expanded cooperation with Brazil to diversify sources. With Argentina, India aims to secure lithium and other critical minerals for the National Mineral Development Corporation (NMDC).

The government in January set out plans to secure stable supplies of coking coal, lithium, cobalt and rare earth elements as it expands steel capacity and accelerates a transition to cleaner energy. Officials expect that diversifying suppliers and accessing technology partnerships will help maintain output and support higher exports. India is shifting export markets from Europe towards Asia and the Middle East to offset impacts from the European Union's carbon tax.

The sector is facing short-term challenges as a gas crisis, linked to the conflict in the Middle East, has threatened production at smaller steel units and prompted warnings about potential shutdowns at some plants. Officials and industry participants plan to use the summit to address supply risks and to explore technology transfer and investment opportunities that could strengthen resilience in steelmaking supply chains.

Infrastructure Urban

30 May 2026

Dreamfly Named Among 100 Desi Deeptechs

Dreamfly Innovations has been recognised among the ‘100 Desi Deeptechs’, an initiative by Startup Policy Forum in collaboration with MeitY Startup Hub, Startup India and Indian Institute of Technology Madras. The initiative highlights founders and companies building core technologies critical to India’s long-term growth and self-reliance.The cohort includes startups working across drones and aerospace, defence technology, cleantech, robotics, semiconductors, advanced manufacturing and electric mobility. It aims to bring deeptech founders and policymakers together to strengthen India’s ..

Vedanta Secures AA+ Rating from ICRA

Vedanta Group has received its highest domestic credit rating in over a decade after ICRA upgraded the long-term ratings of Vedanta Limited and Vedanta Aluminium Metal Limited to AA+ with a Stable outlook. Talwandi Sabo Power Limited was also upgraded to AA-/Stable from A+/Watch Developing, while the group’s short-term rating was reaffirmed at A1+.The rating action marks Vedanta’s highest domestic credit rating since 2014. Vedanta Limited and Vedanta Aluminium Metal Limited, two of the largest entities emerging from the demerger, together account for over 75 per cent of the group’s long-..

Netrasemi Launches Edge AI Chip A2000

Fabless semiconductor startup Netrasemi has launched its flagship Edge AI system-on-chip, A2000, after achieving successful silicon bring-up. Fabricated at TSMC’s 12 nm technology node, the chip is designed for on-device AI, smart vision, real-time video analytics and secure edge computing.A2000 features Netrasemi’s in-house Neural Processing Unit, Vision Processing Unit, Image Signal Processor, crypto engines and other hardware acceleration IP cores. It also uses the company’s patented heterogeneous graph-stream parallel processing architecture.The chip targets applications such as smar..