Pax Silica Initiative
India is poised to formally join the US-led strategic alliance known as 'Pax Silica'. This initiative is designed to establish a resilient supply chain for critical minerals and artificial intelligence (AI).
Purpose and Background
- The alliance aims to build a secure, resilient, and innovation-driven supply chain for critical minerals and AI.
- It is part of efforts by India and the US to solidify bilateral ties amidst previous strains in relations.
- India is expected to join the initiative soon, following an invitation from the US.
Pax Silica Summit and Declaration
- The Pax Silica Summit was held in Washington on December 12.
- Partner nations signed the Pax Silica declaration, which outlines a vision for deep economic and technology cooperation.
- The declaration emphasizes cooperation across supply chains, from raw materials to semiconductors and AI infrastructure.
Member Nations
- Current members include:
- Australia
- Greece
- Israel
- Japan
- Qatar
- Republic of Korea
- Singapore
- The United Arab Emirates
- The United Kingdom
Key Pillars and Goals
- The initiative aims to establish a durable economic order to drive AI-powered prosperity across partner nations.
- A reliable supply chain is viewed as indispensable to mutual economic security.
- The declaration highlights AI as a transformative force for long-term prosperity, necessitating trustworthy systems for mutual security.
- Emphasizes that economic value and growth will flow through the global AI supply chain, driving demand for:
- Energy
- Critical minerals
- Manufacturing
- Technological hardware
- Infrastructure
- New markets not yet invented
