How can India ensure a secure supply chain for critical raw materials through collaboration with the EU
India plans to collaborate with the EU to develop modern technology and secure the critical raw material supply chain.
- Establishing mutual agreements and partnerships between India and the EU for sharing information and resources related to critical raw materials.
- Implementing joint initiatives and research projects to identify alternative sources of critical raw materials and develop sustainable extraction methods.
- Enhancing transparency and traceability in the supply chain through the use of technologies like blockchain to monitor the flow of raw materials.
- Investing in infrastructure to support the efficient transportation and storage of critical raw materials between India and the EU.
- Promoting responsible sourcing practices and compliance with international regulations to ensure ethical production and trade of critical raw materials.
Answered
3 months ago