Cooperation in critical minerals, key to India's plans to develop clean technologies and electric vehicles, is set to be high on the agenda during Australian Prime Minister Anthony Albanese's four-day visit to India from March 8. O'Farrell told reporters India's Khanij Bidesh India Ltd (KABIL) is set to make a "significant investment" in Australia's critical minerals. Albanese's interactions with the Indian leadership will focus on deepening economic, defence and people-to-people ties. Both sides also have a shared ambition of ensuring a peaceful and sovereign Indo-Pacific region, O'Farrell said.
Referring to Australia's critical mineral reserves, he said: "There is no doubt we are seen by India as a reliable and trusted partner, which is exactly the same way as we see India." He pointed to natural complementarities between the two sides Australia wants to be a renewable energy superpower by leveraging its rare earths, while India is one of the world's fastest-growing energy consumers. With Australian authorities recently blocking China-linked Yuxiao Fund's proposal to increase its stake in a strategic rare earths producer, O'Farrell said his country's decisions on such issues are closely linked to national interests. In this context, he pointed to Australia's ban on Chinese-owned Huawei from the country's 5G network in 2018.
"Pre-Covid, we made a decision about our 5G network that was in our national interest...because we will always make decisions that we think benefit us. KABIL is about to make a significant investment in that sector in Australia, which is welcomed both by the Australian government but also by the Indian government," O'Farrell said.

India 'reliable partner' for key minerals: Oz

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