India joins US-led Minerals Security Finance Network

26 Sep 2024 CW Team

India has officially joined the US-led minerals security finance network, which is designed to enhance cooperation and facilitate information sharing and co-financing among institutions in the Indo-Pacific region and Europe, according to the US State Department.

This network aims to promote diverse, secure, and sustainable supply chains for critical minerals, as outlined in the announcement made on Monday. This development comes in response to China's increasing influence over global critical mineral supplies.

"The energy transition is at risk," stated Undersecretary of State Jose Fernandez during discussions at the United Nations General Assembly in New York City. He emphasized the need for increased production capacity for critical minerals, noting that many supply chains are concentrated in just one or two countries, which undermines their resilience.

This initiative is part of the Minerals Security Partnership, a framework established by the US in 2022 alongside 13 countries and the European Commission, aimed at diversifying supply chains for critical minerals among its participants.

India is actively pursuing critical mineral resources from countries such as Argentina, Chile, and Australia, as well as certain African nations. Additionally, Kazakhstan in Central Asia may also become a key supplier for India’s needs.

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..