Strategic India-Chile Partnership for Critical Minerals and AI Integration
India and Chile are negotiating a comprehensive economic partnership to enhance energy security and decarbonization efforts. This alliance focuses on critical minerals, AI, and data center inputs, leveraging Chile's significant mineral production capabilities.
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India is pursuing a strategic partnership with Chile, which holds 22% of global copper production and 21% of lithium reserves. This alliance aims to integrate value chains for critical minerals essential for AI and data centers, enhancing India's energy security and decarbonization initiatives.
Chile offers a solid legal framework, political stability, and attractive investment incentives, including a 35% R&D tax credit and a plan to reduce corporate tax from 27% to 23% by 2029. A new business visa system allows for 90-day multiple entries, facilitating collaboration. The partnership could significantly impact supply chain resilience and access to Western Hemisphere markets.
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