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30-09-2024

This week’s headline features a story from U.S. : Prime Minister Modi participated in the sixth Quad Leaders’ Summit in Wilmington, Delaware, focusing on collaboration among India, Australia, the U.S., and Japan. The summit emphasized shared democratic values and key objectives like maritime security and technological innovation. Notable initiatives included the Quad Cancer Moonshot and the Maritime Initiative for Training in the Indo-Pacific (MAITRI). The leaders also announced the Quad Indo-Pacific Logistics Network and confirmed India as the host for the 2025 summit.

Europe:  India and the UK are set to resume talks in October for a proposed free trade agreement, aiming to resolve pending issues. Both nations seek market access for goods and services, with India focusing on skilled professionals and the UK on reducing import duties.

North America: The Quad Summit held in the U.S. saw Prime Minister Modi participating alongside leaders from Australia and Japan. Key initiatives included the Quad Cancer Moonshot and the Maritime Initiative for Training in the Indo-Pacific, with India set to host the 2025 summit.

South America:  India’s expanding presence in South America has taken a major turn with the decision to open an embassy in Bolivia, marking a shift in its diplomatic strategy in the region. Bolivia, part of the Lithium Triangle, holds vast reserves of the rare mineral critical to electric vehicles (EVs) and renewable energy technologies, making it a crucial partner for India as it transitions to cleaner energy sources.

Asia: India and Russia are negotiating a new bilateral investment treaty to enhance cooperation and protect investments, following the expiration of their previous treaty in 2017. The aim is to boost trade and collaboration in key sectors like energy and infrastructure.

Australia :  India and Australia are enhancing their space cooperation ahead of the QUAD Leaders’ Summit, focusing on satellite technologies and earth observation. Their partnership aims to boost commercial activities and strengthen regional security in response to expanding global space ambitions.

Africa:  Nigeria is set to boost its military by becoming the first country to acquire four light combat helicopters (LCH) from India's Hindustan Aeronautics Limited (HAL) through a soft credit deal. The move marks a significant milestone in global defence partnerships. Read Now!

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