GSI take up project on Lithium exploration
Geological Survey of India (GSI), under the government’s energy security plans, has imitated seven lithium exploration projects in the states of Andhra Pradesh, Arunachal Pradesh, Jharkhand, Chhattisgarh, Rajasthan and Jammu & Kashmir.
- Lithium exploration in the states of Rajasthan and Karnataka has also been undertaken by Atomic Minerals Directorate for Exploration and Research (AMDER) which comes under the ambit of the Department of Atomic Energy (DAE).
- The government of India has announced an Rs 18,100 crore production-linked incentive (PLI) scheme with the primary aim of making lithium-ion cells to promote e-mobility in the country.
- India lacks lithium reserves for the manufacturing of lithium-ion batteries and other usages. Most lithium batteries are imported into the country.
Khanij Bidesh India Ltd (KABIL)
Khanij Bidesh India Ltd (KABIL) is a joint venture firm of Hindustan Copper Ltd, National Aluminium Company Ltd and Mineral Exploration Company Ltd. It is scouting for lithium and cobalt mines overseas with the target of acquiring them. JV KABIL has inked non-binding MoUs with YPF, JEMSE and CAMYEN which are owned by Argentina.
What is the reason for securing lithium supplies?
India needs to secure lithium supplies and doing so will boost the Indian energy sectors towards green economy of the country. Reliance Industries Ltd (RIL) has already announced its plans of setting an Advanced Energy Storage Giga Factory. Bharat Heavy Electricals Ltd, Adani Group, Larsen and Toubro Ltd, Tata Chemicals, Greeenko Group, Renew Power etc are interested in building lithium-ion cell manufacturing plants in the country.
Month: Current Affairs - July, 2021