China came with India- the supplies on supply of fertilizers, rare minerals and boring machines
China The official sources have decided to lift the restrictions associated with the supply of fertilizers and rare soil minerals to India. He told that Chinese Foreign Minister Wang Yi, Foreign Minister S.K. Has shared complete information related to this issue with Jaishankar. China has taken this step after India raised the issue during a conversation between the foreign ministers of the two countries. This decision of China is definitely a major relief for India. China’s Foreign Minister Wang has come to India on a two -day visit. Sources said that China has promised to resolve India’s three major concerns.
Soil minerals are very important for electric vehicles, drones and battery storage
A source told PTI, “Chinese Foreign Minister Wang Yi has assured External Affairs Minister Jaishankar that China will fulfill the needs of India’s fertilizers, rare soil minerals and tunnel digging machines.” Jaishankar had said on Monday without telling any details that he mentioned India’s “special concerns” in a meeting with Wang Yi, which he had raised during his Beijing visit last month. Rare soil minerals are considered very important and important for high-level technical products such as electric vehicles (EVs), drones and battery storage.
China has been a major supplier in the supply chain of important minerals
China has been a major supplier in the global supply chain. In his initial comments in the meeting, the Foreign Minister also said that India and China should adopt a clear and creative approach to pursue relations after a difficult period.
The restrictions imposed by China affected agriculture and automobile sector
Let us tell you that India had clearly expressed its concerns in front of China as the sudden ban on fertilizers was greatly affected by the availability of dye-amonium phosphate in the Rabi season. Similarly, it banned shipment of tunnel boring machines for major infra projects in India. In addition, the auto and electronics industry had expressed serious concerns about the ban imposed by China on rare soil magnets and minerals, which feared a bad effect on production. These decisions were taken for security reasons due to increasing tension between the two countries.
With PTI inputs
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