China has decided to lift restrictions on the supply of fertilizers, rare earth minerals, and tunnel boring machines following India's request. Foreign Minister Wang Yi assured Jaishankar that China will fulfill India's needs in these areas after concerns were raised following the Beijing visit.
New Delhi: China has decided to lift restrictions on the supply of fertilizers, rare earth minerals, and tunnel boring machines following India's request. Foreign Minister Wang Yi assured Jaishankar that China will fulfill India's needs in these areas after concerns were raised following the Beijing visit.
A significant decision emerged from discussions between India and China during Foreign Minister Wang Yi's visit to India. Wang Yi assured Foreign Minister S. Jaishankar that China would remove restrictions on the supply of fertilizers, rare earth minerals, and tunnel boring machines. These restrictions were impacting India's agriculture, auto, and infrastructure sectors. This move by China is now considered important in meeting India's critical needs and easing bilateral relations.
Issue Raised During Talks Between Foreign Ministers
Sources stated that Chinese Foreign Minister Wang Yi discussed India's concerns in detail with Foreign Minister S. Jaishankar. India had also raised these issues during the previous Beijing visit. During the discussions between the two countries, China assured that India's three major concerns would be addressed.
During this discussion, India also highlighted the problems arising in the agricultural and industrial sectors due to disruptions in the supply of fertilizers and rare earth minerals.
Importance of Rare Earth Minerals
The global supply of rare earth minerals is limited, and they are crucial for high-tech products. India needs these minerals for sectors such as electric vehicles, drones, and battery storage. According to experts, if the supply of these minerals is disrupted, the electronics and automobile sectors could be affected.
China has been a major player in the global supply of these minerals. In the past few months, China had imposed restrictions on these products due to security concerns and bilateral tensions.
Impact on Agriculture and Infrastructure Sectors
India raised concerns that the availability of Di-ammonium Phosphate fertilizer during the Rabi season was affected due to China's restrictions. This could directly affect farmers' crops and production.
Similarly, the halting of shipments of Tunnel Boring Machines for large infrastructure projects in India increased the risk of project delays. The automobile and electronics industries also expressed serious concerns regarding the restrictions imposed by China.
Improvement in India-China Relations
Foreign Minister Wang Yi said in the meeting that India and China should adopt a clear and constructive approach to advance their relations after a difficult period. He believes that cooperation and trust are necessary for both countries.
This step by China will not only ensure the supply of essential resources to India but will also help stabilize bilateral issues of trade and technical cooperation.
Relief in the Agricultural Sector
The Indian industry has described China's decision as positive. Electric vehicle and battery production companies said that their supply chain will now be stable and production will not be disrupted.
There is also an atmosphere of relief in the agricultural sector. According to experts, stability in the supply of fertilizers will keep crop production and farmers' costs under control.
A significant decision emerged from discussions between India and China during Foreign Minister Wang Yi's visit to India. Wang Yi assured Foreign Minister S. Jaishankar that China would remove restrictions on the supply of fertilizers, rare earth minerals, and tunnel boring machines. These restrictions were impacting India's agriculture, auto, and infrastructure sectors. This move by China is now considered important in meeting India's critical needs and easing bilateral relations.
