India-UAE sign MoU to collaborate in Critical Mineral Supply Chain

India and UAE yesterday agreed upon two business-related outcomes on the occasion of the visit of the Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan in Mumbai. The outcomes include the launch of work on the India-UAE virtual trade corridor, VTC and MAITRI interface to facilitate VTC. 

This is under the framework agreement between India and the UAE on the India-Middle East-Europe Economic



Corridor. The second outcome pertains to an MoU between International Resources Holding RSC LTD and a consortium of Oil India Ltd, Khanij Bidesh India Ltd and ONGC India Ltd towards global collaboration in the Critical Mineral Supply Chain. The MoU provides for cooperation in critical minerals exploration in third countries. It will help boost the supply chain resilience of critical minerals.