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Prime Minister Narendra Modi on Tuesday jointly addressed the press with Chile President Gabriel Boric Font at the Hyderabad House, where he said that the countries are working on a mutually beneficial Comprehensive Economic Partnership Agreement. The teams will also focus on critical minerals, PM Modi said.
"Today we have instructed our teams to begin discussions on a mutually beneficial Comprehensive Economic Partnership Agreement. Partnership in the field of Critical Minerals will be emphasized. Work will be done to establish resilient supply and value chains," he said. "India is ready to share its positive experience with Chile in Digital Public Infrastructure, Renewable Energy, Railways, Space and other areas," PM Modi added. PM Modi said they also signed a letter of Intent as Chile is seen as the 'Gateway to Antarctica'. "We see Chile as the gateway to Antarctica. We welcome the agreement reached today on the Letter of Intent between the two sides to enhance cooperation in this important area," he said. Chile is considered a gateway to Antarctica primarily due to its geographic proximity and the presence of key cities like Punta Arenas, which serve as major departure points for expeditions and scientific research trips to the continent. "India has been a reliable partner in ensuring the health security of Chile. We agreed to further deepen this cooperation. It is a matter of great happiness that the people of Chile have adopted yoga as a healthy lifestyle. The declaration of November 4 as National Yoga Day in Chile is an inspiration for all of us. We also discussed enhancing cooperation in Ayurveda and traditional medicine in Chile. The growing cooperation in the field of defence is a symbol of our deep mutual trust," PM Modi said. PM Modi further congratulated Font on his first visit to India, and said that Chile was an important partner country for India. "This is President Boric's first visit to India and his commitment to strengthen the friendship and relations with India is truly amazing. I heartily welcome him and the distinguished delegation that has come with him. Chile is an important friend and partner country for India in Latin America," he said. PM Modi said that in the discussions, the two leaders identified untapped potential in the field of investment. "In today's discussions, we identified several new initiatives to enhance cooperation in the coming decade. We welcome the growth in mutual trade and investment. We agree that there is also untapped potential for more cooperation in this," he said. PM Modi said that the two countries will combine in the agricultural sector, and that India will share its experience in several other sectors. "Cooperation will be done to ensure food security by combining each other's capabilities in the field of agriculture. India is ready to share its positive experience with Chile in digital public infrastructure, renewable energy, railways, space and other areas," he said. (ANI)
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