India Inc Commends Resilience Amid Global Tariff War Threat: CareEdge Ratings
1st April, 2025: CareEdge Ratings’ Credit Ratio, which measures the ratio of upgrades to downgrades, strengthened to 2.35 times in H2 FY25, up from 1.62 times in H1 FY25. During this period, there were 386 upgrades and 164 downgrades.
The upgrade rate increased to 14% from 12% in the first half, driven by sectors that benefited from strong domestic consumption and government spending. Meanwhile, the downgrade rate dropped 200 bps to 6%, driven by asset quality concerns in NBFCs catering to microfinance and unsecured business loans, alongside pricing pressures faced by small-sized entities in the Chemical and Iron & Steel sectors, as well as export-focused Cut and Polished Diamond players.
Sachin Gupta, Executive Director and Chief Rating Officer, CareEdge Ratings, shared his insights on the evolving economic landscape, stating, “Despite global headwinds, the credit ratio for CareEdge Ratings’ portfolio strengthened in the second half of FY25—a testament to the resilience of India Inc. However, the journey ahead is far from smooth. The imposition of US tariffs could disrupt momentum for export-driven sectors, particularly those reliant on discretionary spending, while also sparking intense price competition from other affected economies. This uncertainty could keep private sector capital expenditure on the sidelines until clearer signals emerge. That said, not all is bleak—trade agreements and rupee depreciation could offer much-needed relief to exporters. At the same time, Corporate India’s strong, deleveraged balance sheets act as a sturdy shield against external volatility.”
CareEdge Ratings’ credit ratio for the manufacturing and services sector has seen a notable rebound, with its credit ratio rising from 1.21 in H1 FY25 to 2.06 in H2 FY25. The uptick reflects improving business fundamentals, particularly among mid-sized, domestic-focused entities, even as global headwinds persist. Ranjan Sharma, Senior Director, CareEdge Ratings (Corporate Ratings), noted the broad-based nature of this recovery, stating, “The improvement in credit ratio was evenly spread across both investment grade and sub-investment grade rating categories, driven by mid-corporate players leveraging strong domestic demand. Large corporates, too, maintained a healthy credit ratio, continuing their stable performance from previous periods. The sectors leading the upgrade wave included capital goods, automotive and automotive components, and real estate, all of which benefited from rising consumption and momentum in infrastructure. The services sector also witnessed sustained improvement, with hospitality and healthcare continuing their strong upward trajectory, while pharmaceuticals remained a consistent performer, reinforcing its long-standing resilience.”
However, not all industries rode the wave of optimism. Basic and commodity chemicals, smaller iron & steel players, and export-focused CPD entities faced credit downgrades. The chemicals sector struggled with pricing pressures, while smaller steel manufacturers faced heightened competition from Chinese imports. Meanwhile, some trading and distribution entities also found themselves grappling with market volatility.
The credit ratio of the infrastructure sector witnessed a continued uptrend in H2FY25 to 3.94, with the Transport Infrastructure and Power sectors leading the upgrades. Rajashree Murkute, Senior Director at CareEdge Ratings (Infrastructure Ratings), highlighted, “Key factors driving these upgrades include the successful commissioning of projects, particularly in the road Hybrid Annuity Model (HAM) segment and solar power generation. Additionally, timely payments from most state distribution utilities have accelerated deleveraging for power producers and transmission infrastructure providers. A shift in ownership to financially strong sponsors or Infrastructure Investment Trusts (InvITs) has also played a pivotal role in enhancing credit quality for both, project assets as well as developers. However, challenges persist. Delays in receipt of requisite approvals, project execution and weak order books have increased working capital pressures for some mid-sized EPC players, compromising their credit profile. Besides, increased leverage due to top-up debt has weakened the financial flexibility of certain project assets, posing additional risks.”
The Banking, Financial Services, and Insurance (BFSI) sector experienced a sharp moderation in its credit ratio, declining from 2.75 in H1 FY25 to 1.07 in H2 FY25, reflecting emerging stress in select lending segments. While the sector remains fundamentally strong, challenges in asset quality and profitability have affected certain areas. Sanjay Agarwal, Senior Director at CareEdge Ratings (BFSI Ratings), attributed the decline to pressures in the microfinance and unsecured business loan segments, stating, “The increase in loan sizes, coupled with rising debt levels per borrower, has heightened the financial strain on MFI borrowers, leading to asset quality concerns for NBFCs in this space. Consequently, NBFCs catering to microfinance and unsecured business loans are expected to witness elevated credit costs at least until H1FY26.” Despite these headwinds, the overall credit outlook for the BFSI sector remains stable, supported by healthy capitalisation levels among NBFCs and banks, which continue to provide a strong buffer against potential stress.”
In summary, while Corporate India continues to hold its ground, CareEdge Ratings expects the credit ratio to remain range-bound in the near term, navigating the crosscurrents of global headwinds. The resilience of Indian corporates is reinforced by strong and deleveraged balance sheets, providing a crucial buffer against external shocks. While the strength of domestic demand will serve as a key anchor, the unfolding global tariff war and geopolitical uncertainties will shape the road ahead.
Arya.ag’s NBFC Secures Historic ₹2000 Crore Milestone in Commodity Finance
1st April 2025 — Arya.ag, India’s largest and only profitable grain commerce platform, today announced that its Non-Banking Financial Company (NBFC) arm has crossed the landmark figure of ₹2000 crore in commodity finance, becoming the first in the country to achieve this scale in agri-based lending of this kind.
This achievement marks a significant advancement in rural finance, challenging conventional wisdom that commodity finance at the farmgate level is too risky, fragmented, and unscalable. Unlike traditional lending models, Arya.ag’s approach is anchored in financing against actual grain stored across India’s heartland, supported by its robust technology infrastructure and decentralised storage network.
Anand Chandra, Co-founder of Arya.ag, commented: “Reaching ₹2000 crore in commodity finance through our NBFC validates our integrated approach to post-harvest solutions. This milestone positions us as the largest NBFC in India’s commodity collateral funding space, effectively doubling the scale of other players in this segment. We’ve developed a model where farmers receive loans in under 30 minutes based solely on KYC, changing the dynamics of rural finance. The virtually nil NPAs we’ve maintained while serving approximately 8 lakh farmers shows that when financial products align with real commodities and farmer needs, scale and sustainability naturally follow. Beyond our NBFC’s direct lending, we’ve facilitated an additional ₹10,000 crore through partner banks against our warehouse receipts, bringing the total financing enabled this year to ₹12,000 crore.”
The company reports that its NBFC has become the largest in India in the commodity collateral funding space, effectively doubling the scale of other players in this segment. This achievement is part of a larger financing ecosystem, where partner banks have additionally disbursed over ₹10,000 crore against warehouse receipts issued by Arya.ag, bringing the total facilitated financing to ₹12,000 crore this financial year.
This achievement follows Arya.ag’s recent recognition with the 2025 Forward Faster Sustainability Award in the Climate Action category by the UN Global Compact Network India, and its securing of an INR 2.5 billion loan facility backed by GuarantCo and HSBC India.
Operating across 21 states and covering 60% of Indian districts, Arya.ag manages over 4 million metric tons of commodities across 3,500+ warehouses with a total value exceeding ₹10,000 crore. Its success in commodity finance demonstrates that post-harvest solutions may be the key to unlocking the next frontier in agricultural financial inclusion.
OMG AI Commands the Second Edition of Future Tech World Cup, Eyes Championship Glory
Speaking on the achievement, Co-founder & CEO Suhas Ashok, OMG AI, said, “Securing a spot in the grand finale of the Future Tech World Cup is a monumental achievement for OMG AI and a testament to the hard work, innovation, and vision of our team. We are incredibly excited to represent India on the global stage, where we can showcase our platform and its potential to transform industries worldwide. This recognition is not just a win for us, but for the entire AI community in India, and we look forward to collaborating with like-minded innovators at the Dubai AI Festival as we continue to push the boundaries of what’s possible in AI.“
Varaha Sells 60,000 plus Tonnes of Carbon Credits to Klimate
INDIA, New Delhi & Bengaluru, 1 Apr 2025– Varaha, a leading developer of carbon removal projects in Asia, has sold over 60,000 tonnes of carbon credits to Denmark-based Klimate across five contracts. These agreements span three projects – biochar in India and afforestation initiatives in both India and Nepal – reinforcing Varaha’s ability to repeatedly sell credits to US and European companies across diverse pathways spanning technology and nature-based projects.
This series of contracts, valued at several million dollars, strengthens Varaha’s position as a preferred partner for buyers such as Klimate. By leveraging its diversified portfolio of technology-based and nature-based carbon projects, Varaha has become a critical collaboration for Klimate, who seeks reliable, scalable, and high-integrity credits across multiple methods to create well-balanced portfolios on behalf of their clients.
This announcement follows Varaha’s recent project investment from UK-based Conductor Capital and builds on its growing track record of supplying high-impact carbon removal credits to global buyers. In January 2025, Varaha sold 100,000 carbon dioxide removal (CDR) credits to Google – its first large-scale purchase of carbon removal credits in India. With repeat sales to Europe and other Western markets, Varaha continues to demonstrate its ability to serve corporate climate commitments across diverse carbon removal pathways, including regenerative agriculture, biochar, afforestation, and enhanced rock weathering.
“Our ongoing relationship with Klimate is a testament to the trust that global carbon credit buyers place in our platform”, said Madhur Jain, CEO and co-founder of Varaha. “By offering a broad portfolio of carbon removal projects, we provide flexibility and reliability to meet the diverse needs of our partners. Through partnerships with Klimate, Google, and others, we are scaling high-impact climate solutions that drive positive change for both the environment and the communities we serve.”
From Simon Bager, CIO and Co-founder of Klimate, “”Our partnership with Varaha is essential to our mission of scaling reliable, trustworthy, and impactful carbon removal solutions. Through this collaboration, we’re able to provide our clients access to a diverse range of carbon removal projects across multiple pathways and certification standards. Having a trusted partner in the south Asia region with expertise in local contexts ensures the development of high-impact climate solutions that resonate strongly with our clients’ priorities”
Pokiddo Junior Fulfills Wishes of Ill Children with Make-A-Wish Foundation
Mumbai 01th April 2025 – Pokiddo Junior, a premier indoor adventure zone exclusively for kids, one of South Mumbai’s most popular and expansive entertainment venues, is proud to partner with Make-A-Wish Foundation, India, to bring smiles to the faces of children battling critical illnesses. As part of its Corporate Social Responsibility (CSR) initiative, Pokiddo Junior hosted a special event dedicated to fulfilling the heartfelt wishes of these young warriors, creating an unforgettable day filled with fun, laughter, and cherished memories.
The event, held at Pokiddo Junior’s state-of-the-art play zone, welcomed children from Make-A-Wish Foundation, India, providing them with an immersive and joyous experience. The kids had immense fun engaging in various activities such as enjoying the ball pit, go-karting, dressing up in beautiful princess costumes, exploring the farmland, playing in the arcades, and sliding through exciting play structures.
The wish ceremony took place at Pokiddo Junior, where a total of 17 wishes were granted. Big and small dreams came true, from cycles and TV sets to gear cycles and battery-operated cars, making their day even more special. Each wish created magical moments that will be treasured forever, bringing happiness and hope to these courageous young dreamers. Some children arrived straight from hospital sessions, while others left to make it to their appointments. But for a while, this wasn’t just a playground; it was a haven of happiness, a moment of respite between treatments, reflected in their beaming smiles.
These kids came from far and gathered for the occasion, traveling from states and cities like West Bengal, Bihar, Maharashtra, Mumbai, Nanded, Jalna, Belapur, Solapur, and Madhya Pradesh, adding to the diversity and joy of the celebration.
“Seeing the pure joy on a child’s face reminds us why we do what we do. Play has the incredible power to heal, to uplift, and to bring light even in the darkest times. Partnering with Make-A-Wish Foundation, India has been a deeply moving experience—creating moments of laughter, wonder, and happiness for these brave children. Giving them a space where their imaginations can run free and their smiles can shine brightest is truly priceless,” said Prasuk Jain, the founder of Pokiddo Junior.
The Make-A-Wish Foundation has been a beacon of hope for children with critical illnesses for decades, granting transformative wishes that bring joy, strength, and optimism. The organization’s mission is to enrich the lives of young dreamers by creating extraordinary experiences that inspire courage and resilience. Through this collaboration with Pokiddo Junior, the foundation granted countless wishes.
“We are immensely grateful to Pokiddo Junior for their generosity and dedication in making this day so special. Seeing the joy and excitement on the children’s faces was truly heartwarming, giving children a much-needed break from their daily routine of shuttling between the hospital and home,” said Sophia Falcao, Program Head, Make-A-Wish Foundation, India.
The initiative reinforces Pokiddo Junior’s commitment to giving back to the community and using the magic of play to make a positive impact. By continuing to support such meaningful causes, Pokiddo Junior aims to spread happiness and inspire more organizations to contribute to society.
Relaxo Footwears Wins SDG Achievers Award 2023-24 for Quality Education
New Delhi: 1st April: Relaxo Footwears Limited has been recognized with the prestigious SDG Achievers Award 2023-24 for SDG 4: Quality Education, presented by the Government of Uttarakhand, Centre for Public Policy and Good Governance (CPPGG), and UNDP India. This accolade acknowledges Relaxo’s efforts in transforming government schools through the Parivartan Model School Project, a dedicated initiative aimed at ensuring accessible and high-quality education for children.
The award was received by Mr. Sushil Batra, Executive Director & CFO, and Mr. Gambhir Agrawal, CSR Head, Relaxo, from Hon’ble Chief Minister of Uttarakhand- Shri Pushkar Singh Dhami at a ceremony in Dehradun. The event was graced by Ms. Radha Raturi– Principal Secretary- Uttarakhand; Dr. R. Meenakshi Sundaram– CEO- CPPGG; Dr. Manoj Pant– ACEO- CPPGG; Dr. Angela Lusigi- Resident representative of UNDP and other senior state dignitaries.
The Parivartan initiative has made a tangible impact, improving 104 government schools in two blocks of Haridwar district namely, Khanpur & Laksar, in partnership with Samagra Shiksha. With plans underway to extend the program to Dehradun, Relaxo continues to scale on its emphasis to building inclusive, sustainable, and quality education systems that empower future generations.
Speaking on the recognition, Mr. Sushil Batra, Executive Director & CFO, Relaxo Footwears Limited, said, “Education is the foundation of a progressive society, and at Relaxo, we believe in taking meaningful steps toward its upliftment. Through the Parivartan Model School Project, we aim to bridge the gap in access to quality education, equipping children with better learning environments and opportunities. This award is an ode to our determination & goals, and we look forward to further expanding our efforts to make a lasting impact.”
Mr. Gambhir Agrawal, Head- CSR, told that, “Parivartan” Project model has been appreciated by the government agencies thus were able to scale up its coverage from initial number of 13 Govt. Schools to 104 Govt. Schools as of now. He expressed his gratitude towards Hon. CM, CPPGG, State Project Director- Samagra Shiksha, District Collector, Chief Development Officer, Chief Education Officer, Education Department of Haridwar District, implementing partners etc., for providing the required support in project implementation”.
With this milestone, Relaxo Footwears Ltd. strengthens its role as a responsible corporate entity, striving not merely for business excellence but also for sustainable community development.
OSS Golf Tournament 2025: House Teams Battle for Glory
April 1, 2025:The Old Sanawarian Society, the Alumni Association of The Lawrence School, Sanawar, one of India’s oldest and most respected boarding schools, hosted the much anticipated OSS Inter-House Golf Tournament 2025, bringing together golf enthusiasts and distinguished guests for a day of spirited competition at the prestigious ITC Classic Golf & Country Club, Manesar on March 27, 2025.
The Tournament was the ideal platform to foster closer bonds of camaraderie, friendship and goodwill amongst members of the alumni fraternity, while preserving the legacy, tradition and values of their alma mater.
13 teams teed-off to a ShotGun Start, on a Stableford scoring format with handicaps determined on the Double Preoria System. The lush greens provided the perfect backdrop as players showcased their skills, competing with passion and precision. Seasoned veterans and promising amateurs participated, including a four-ball from Bharat Petroleum (C&MD, G Krishna Kumar missing out due to exigencies at work) and distinguished Sanawar alumni – single handicappers Mayank Oberoi, Viren Ghumman, and Mivaan Singh; Member of Parliament (Gurugram), Rao Inderjit Singh; Corporate honchos Vipin Sondhi (former MD & CEO, Ashok Leyland & JCB India and on the Board of Governors, Sanawar), Gaurav Bhagat (MD, GB Academy) and Prabhjot Cheema (Founding Partner, Nexedge Capital); former Asian Squash Semi-finalist Lalit Varma; and Defence Analyst Col. Ajai Shukla among others – representing their House – Himalaya, Nilagiri, Siwalik and Vindhya, to compete for the coveted Championship Trophy.
As the sun began to set, a lively sundowner provided an opportunity for all to unwind and share their experiences from the game. The event concluded with a grand prize distribution ceremony, recognizing outstanding performances and celebrating the spirit of the game. The Presentation Party was made up of President OSS, Pankaj Sapru, Board Member, Vipin Sondhi, representatives of Bharat Petroleum and Exotic Group, Brig. Adarsh Butail, President Elect OSS and Kewal S Virk, Vice President OSS.
The Championship Trophy was won by Himalaya House (defending Champions), ahead of the Runners Up Vindhya House. The Individual Prize winners were Viren Ghumman (Best Gross Score – 70), Uday Talwar (Longest Drive – 285 yards), Yogesh Kapoor (Closest to the Pin – 3’7”), while Ajai Sukhla, Vaibhav Soni, Sunil Khorana bagged the Best Net Score in the three Handicap groupings, 0-9, 10-17 and 18-24 respectively.
Experian Enhances Global Services with India Innovation Centre
Manish Jain, Country Managing Director, Experian in India, said, “India is at the forefront of digital transformation, and our ongoing investment here reflects our long-term commitment to this dynamic and fast-evolving market. Experian’s Global Innovation Centre is not just a technology hub; it is a strategic enabler that allows us to unlock new possibilities, develop cutting-edge solutions, and scale innovation globally.”“This expansion strengthens our foundation for the future—enabling us to move faster, think bigger, and solve complex challenges with greater agility. As we chart this next growth phase, our focus remains on driving impact through innovation, empowering our teams, and creating meaningful and future-ready solutions.” He addedAlexander Lintner, CEO, Technology Software Services & Innovation (TSSI), Experian said, ” Growth isn’t just about numbers; it’s about the ideas we nurture, the innovations we ignite, and the transformative impact we create—shaping the world with every breakthrough. This expansion aligns with our overall strategic vision to strengthen our position as an innovation powerhouse while emphasising continuous improvement and inspiring disruptive innovation across the business. Serving all Experian regions globally, the GIC is focused on building world-class products, delivering them at scale through integrated, value-added solutions and sophisticated platforms that combine advanced capabilities. The centre provides a world-class workspace that inspires transformation and customer excellence, reinforcing our commitment to a people-first culture and our customers while expanding into areas that can provide growth.”
Vinu Kurien, Site Lead, VP, Experian Technology & Innovation (T&I) said, “The Experian GIC has grown exponentially, reflecting our vision to enhance capabilities and deliver exceptional services to our consumers, clients, and colleagues. Leveraging Hyderabad’s engineering and tech talent, the GIC offers a full stack of competencies to provide global support for product and platform solutions, data science and analytics, system architecture, and intelligent automation. The new office fosters collaboration, innovation, and creativity, enabling us to deliver transformative solutions. This expansion marks a key chapter in our growth and creates more career opportunities for local talent, fostering a thriving professional community.”
NMIMS Navi Mumbai’s Aarambh a Grand Success in Leadership and Diplomacy
Navi Mumbai April 1, 2025: NMIMS Navi Mumbai, in collaboration with the Rotaract Club of NMIMS Sunrise, successfully concluded its two-day event, Aarambh, held on March 20th, 2025.The event set a milestone, achieving its goals of promoting academic excellence, fostering leadership skills, and driving social consciousness.
Aarambh’s Narsee Monjee Institute Model United Nations (NMIMUN), which provided a platform for students to engage in thought-provoking debate, critical analysis, and problem-solving activities related to major global issues.The MUN included diverse committees, catering to the wide range of interests and expertise of the participants.
There were various MUN committees ranging from national to global level. The highlight of the program was the Human Rights Committee (UNHRC) giving students a first hand experience of Humanitarian issues and welcomed thoughts from the perspective of multiple nations. The discussion went to a local scale in the Parliamentary level committee, where the delegates represented states and multiple famous politicians. Aarambh also featured masterclass sessions that provided students with valuable insights from experienced professionals.
The event also included a series of impactful social initiatives,the Aarambh Mahadaan, which included interesting activities for school children from the Raigad Zilla Parishad Shala. The children enjoyed their interaction as they participated in a choreographed dance competition. Other activities in Mahadaan included Squid Games, Hamare Hero for the service staff at the campus, allowing them a much appreciated relief from their mundane chores, and learning that they had a place in the hearts of the students. the Aarambh Mahadaan, which included interesting activities for school children from a local municipal school. The children enjoyed their interaction as they participated in a choreographed dance competition. Other activities in Mahadaan included Squid Games, Hamare Hero for the service staff at the campus, allowing them a much appreciated relief from their mundane chores, and learning that they had a place in the hearts of the students.
Dr. Aparna Rao, added “MUN Conferences include structured debates, documentation, resolutions, reading international policies and out of box solutions for issues in the world. They are an empowering experience for students as they bridge the gap between students and real-world diplomacy. Students develop skills necessary for asking the right questions, leadership, critical thinking, leadership and negotiation skills and most importantly, receive and provide criticism. These abilities help them to navigate through a world facing climate crises, conflicts, social inequalities where diplomacy is more crucial than ever.”
Aarambh witnessed a huge turnout, with significant participation from the student body and delegates from more than 20 institutions. The event successfully fostered collaboration and networking opportunities among students from diverse academic backgrounds.
NMIMS Navi Mumbai and the Rotaract Club of NMIMS Sunrise express their gratitude to all participants, partners, and sponsors who contributed to the success of Aarambh. Being the first-of-its-kind initiative, this event has set a strong foundation for future MUNs.
TEXMiN, IIT(ISM) Dhanbad Strengthen Ties with INDIA BRAZIL CHAMBER
April 01, 2025 – In a significant move to bolster India’s critical mineral capabilities, TEXMiN Foundation, the Technology Innovation Hub of IIT (ISM) Dhanbad, has entered into a MoU with the India Brazil Chamber of Commerce (IBCC). The formal signing ceremony took place at the Brazilian Embassy in New Delhi, graced by the presence of the Brazilian Ambassador and other high-level delegates.
This alliance aligns seamlessly with the Government of India’s recently launched National Critical Mineral Mission, an initiative with an outlay of ₹34,300 crore over seven years aimed at achieving self-reliance in critical minerals essential for green technologies.
Brazil, endowed with the world’s third-largest rare earth reserves estimated at 21 million metric tons, also boasts significant deposits of niobium and graphite. Despite these abundant resources, Brazil’s current production of rare earth elements remains modest, presenting vast opportunities for collaborative exploration and technological advancement.
The Brazilian Ambassador to India Mr.Kenneth Félix Haczynski da Nóbrega emphasized, “This partnership exemplifies the strengthening ties between Brazil and India, paving the way for collaborative advancements in critical mineral exploration that are vital for the future of sustainable technologies. We are confident that this agreement will not only help in resource development but also lead to the exchange of best practices, technical expertise, and sustainable mining methodologies that will benefit both nations.”
Guilherme Mota, Head of Business Development at IBCC, remarked, “By combining Brazil’s rich mineral resources with India’s technological expertise, we are setting the stage for groundbreaking projects that will benefit both nations and contribute to global supply chains. This collaboration is a testament to our commitment to fostering innovation, ensuring sustainable mining practices, and strengthening economic ties between India and Brazil. We look forward to co-developing solutions that will make mining more efficient, environmentally friendly, and aligned with global sustainability goals.”
The MoU between TEXMiN and IBCC is poised to unlock substantial projects with major industry players such as Vale S.A., focusing on joint research, technology development, and knowledge exchange. TEXMiN aims to explore technology projects with “Match Funding” mechanisms, in line with the Department of Science and Technology’s mandates, to foster innovation and sustainable practices in mineral exploration and mining.
Dignitaries present at the ceremony included Prof. Dheeraj Kumar, Deputy Director, IIT (ISM) Dhanbad & Project Director, TEXMiN; Muhammed Danish, Chief Business Development Officer, TEXMiN, IIT (ISM) Dhanbad; Kenneth Félix Haczynski da Nóbrega, the Ambassador of Brazil in India; Dana Blackman, Head of India Office, IBCC and Guilherme Mota, Business Development & Strategic Projects Head, IBCC.
Prof. Dheeraj Kumar, Deputy Director of IIT (ISM) Dhanbad & Project Director of TEXMiN, stated, “This collaboration is a significant step towards achieving the objectives of India’s Critical Mineral Mission. By leveraging Brazil’s vast mineral reserves and our technological capabilities, we aim to develop innovative solutions that will drive the future of mining and exploration. This is not just about extraction but about creating a sustainable ecosystem where research, innovation, and responsible resource utilization go hand in hand. We foresee this partnership as a game-changer in how critical minerals are sourced and utilized for green technologies.”
Prof. Sukumar Mishra, Director, IIT (ISM) Dhanbad & Chairman, HGB & BoD, TEXMiN, said, “Our alliance with IBCC marks a pivotal moment in our journey towards pioneering research and development in the mining sector. Together, we will explore new frontiers in critical mineral exploration, contributing to the global demand for sustainable resources. This initiative is not just about meeting industrial demand; it is about securing a greener future, reducing dependency on limited global suppliers, and positioning India as a leader in sustainable mining practices.”
Mr. Suraj Prakash, CEO of TEXMiN, added, “Engaging with international partners like IBCC enables us to harness global expertise and resources, fostering advancements in critical mineral technologies that are essential for sustainable development. This partnership will also open doors for capacity building, training programs, and academic collaborations between institutions in India and Brazil, strengthening the knowledge base for future generations of mineral explorers and engineers.“
This strategic partnership between TEXMiN and IBCC underscores a shared commitment to advancing critical mineral exploration and technology development, reinforcing the bilateral relations between India and Brazil, and contributing to the global pursuit of sustainable and secure mineral supply chains.