India and Argentina have inked an agreement for expanding cooperation in lithium exploration and mining.

State-run Mineral Exploration and Consultancy Ltd, which is under the administrative control of the mines ministry, signed a memorandum of understanding with the government of Argentina's Catamarca province on Wednesday.

The MoU will pave the way for deeper collaboration in exploration and resource development of critical minerals, a statement said.

"This collaboration is expected to accelerate lithium exploration projects, enhance resource security and create new opportunities for Indian companies in the Latin American mining landscape," the statement said.

The two nations also deliberated upon ongoing lithium exploration efforts by Khanij Bidesh India Ltd and Greenko in Catamarca, and the possibilities of increasing participation of Indian companies in mining projects of Argentina.

"Both sides explored avenues for investment, long-term supply agreements and joint ventures that would help strengthen India's access to this critical mineral," the statement said, adding there was a strong emphasis on knowledge exchange and infrastructure support to enhance India's engagement in Argentina's mining sector.

The two sides also discussed policy frameworks, regulatory aspects and sustainable mining practices to ensure a mutually beneficial partnership, the statement said.