{"id":127814,"date":"2024-09-12T00:37:31","date_gmt":"2024-09-11T19:07:31","guid":{"rendered":"http:\/\/indusvalleytimes.com\/news\/?p=127814"},"modified":"2024-09-12T00:38:26","modified_gmt":"2024-09-11T19:08:26","slug":"indian-entities-sign-mou-with-uae-for-global-cooperation-in-critical-mineral-supply-chain","status":"publish","type":"post","link":"https:\/\/indusvalleytimes.com\/news\/indian-entities-sign-mou-with-uae-for-global-cooperation-in-critical-mineral-supply-chain\/","title":{"rendered":"Indian entities sign MoU with UAE for global cooperation in critical mineral supply chain"},"content":{"rendered":"\n<p class=\"caps\"><strong>By Sukant Kumar Mohanty<\/strong><\/p>\n\n\n\n<p><strong>Bhubaneswar, Sept.\u00a0 11:<\/strong> Indian business entities, including Khanij Bidesh India Limited (KABIL), Oil India Limited (OIL), ONGC Videsh Limited (OVL) have signed a Memorandum of Understanding (MoU) with International Resources Holdings RSC Ltd. (IRH) of UAE, marking a pivotal step in global cooperation on the critical mineral supply chain, an official release issued by Bhubaneswar-headquartered National Aluminium Company Limited (NALCO) said on Wednesday.<\/p>\n\n\n\n<p>The key aspects of the MoU include joint project identification, due diligence, risk management strategies, and the development of a long-term offtake strategy.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>The MoU was signed by Sadashiv Samantaray, CEO of KABIL and Director (Commercial) of NALCO; Dr. Ranjit Rath, CMD of OIL; Rajarshi Gupta, MD of OVL; with Ms. H.E. Mariam Mohammed Saeed Hareb AlMheiri of IRH, at the UAE-India Business Forum, held at Mumbai on September10.<\/p>\n\n\n\n<p>\u201cThe MoU underscores a commitment to leveraging each party&#8217;s expertise, resources, and networks to achieve operational excellence and ensure a stable supply of essential energy minerals. This partnership also aims to further foster collaboration in the identification, acquisition, and development of critical mineral projects,\u201d mentioned the release.<\/p>\n\n\n\n<p>CMD NALCO and chairman, KABIL, Sridhar Patra, expressed his happiness about the collaboration with UAE and said, \u201cThis a significant milestone in our efforts to strengthen the global critical mineral supply chain and ensuring a sustainable future for the country which will contribute to Atmanirbhar Bharat.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Sukant Kumar Mohanty Bhubaneswar, Sept.\u00a0 11: Indian business entities, including Khanij Bidesh India Limited (KABIL), Oil India Limited (OIL), ONGC Videsh Limited (OVL) have signed a Memorandum of Understanding<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1,13,46],"tags":[616,316,7109],"class_list":["post-127814","post","type-post","status-publish","format-standard","hentry","category-uncategorized","category-business","category-top-stories","tag-mou","tag-nalco","tag-uae"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Indian entities sign MoU with UAE for global cooperation in critical mineral supply chain<\/title>\n<meta name=\"description\" content=\"Indian entities sign MoU with UAE for global cooperation in critical mineral supply chainIndian entities sign MoU with UAE for\" \/>\n<meta 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