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Global Business News

The Economic Times

Global Business / The Economic Times

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India, Indonesia boost defence ties with BrahMos, maritime security pacts

The two nations also signed memoranda of understanding (MoUs) on rare earth magnets and cooperation in minerals and technology used in the steel supply chain. To strengthen the critical mineral supply chain, India will invest in manufacturing of steel, nickel and rare earth permanent magnets in Indonesia. The country has the world's largest nickel deposits.

8 Jul 2026 6:00 am