22 August 2024 : PIB Summary For UPSC
1. Africa can compliment India’s need for critical minerals needed for sectors like EVs: Union Minister Shri Piyush Goyal
(Source – https://pib.gov.in/PressReleseDetail.aspx?PRID=2047346 )
| Topic: GS2 – International Relations |
| Context |
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Africa’s Mineral Potential
- Africa is a major source of critical minerals crucial for various technological and industrial applications.
- The continent is rich in rare earth elements, lithium, cobalt, and other essential resources needed for electric vehicle batteries and renewable energy technologies.
- It also holds substantial deposits of gold, platinum, and diamonds, as well as industrial minerals like bauxite and phosphate.
- These resources are vital for supporting global tech advancements and industrial growth.
India-Africa Relations: A Collaborative Partnership
- Trade Expansion: The government has set a target to double trade between India and Africa within the next seven years, which can provide substantial economic advantages for both regions.
- Mineral Resources: Africa’s rich mineral deposits can meet India’s needs for critical materials used in electric vehicles and renewable energy technologies.
- Sustainable Mining: Joint efforts can lead to sustainable mining practices, enhancing environmental and economic outcomes.
- Technology Partnerships: Leveraging India’s Digital Public Infrastructure can drive technology adoption in Africa, fostering financial inclusion and digital development.
- Agricultural Collaboration: India can support Africa’s agricultural sector by facilitating the export of crops like oilseeds and pulses.
- MSME and Entrepreneurship: Strengthening MSME cooperation and fostering entrepreneurship can create jobs and stimulate economic growth.
- Financial Assistance: India has provided over US$12 billion in assistance to Africa through 196 Lines of Credit, supporting more than 42 countries.
- Cultural and Sports Exchanges: Enhancing collaboration in entertainment, sports, and cultural exchanges can strengthen mutual understanding and cooperation.
- Startup Ecosystems: Encouraging collaboration between startups in India and Africa can spur innovation and business growth.
- South-South Cooperation: Promoting partnerships aligns with broader goals for global cooperation and development.
| Practice Question: Discuss the significance of strengthening India-Africa relations in the context of mineral resources, technology partnerships, and economic cooperation. How can these collaborations contribute to sustainable development in both regions? (150 Words /10 marks) |
