India is now part of the US-led Minerals Security Finance Network (MSFN), a partnership aimed at securing critical mineral supply chains.
This move follows India’s inclusion in the broader Minerals Security Partnership (MSP) in June 2023, strengthening its role in the global clean energy transition
Significance of the MSFN
Global Cooperation: MSFN includes 14 countries and the EU, focusing on creating synergies between development finance institutions (DFIs) and export credit agencies (ECAs) to meet rising demand for critical minerals.
Energy Transition: The partnership acknowledges that securing critical minerals, essential for clean energy technologies, is beyond the capacity of any single country, necessitating global collaboration.
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