Monday, Jul 4 2022 | Time 09:03 Hrs(IST)
Business Economy

GOI to acquire Lithium mines in South America

Hyderabad, Feb 9 (UNI) Government of India would acquire strategic mineral assets in ''Lithium Triangle'' in three countries in South America including Bolivia, Argentina and Chile for strengthening of EV batteries in the country, Member, NITI Aayog V K Saraswat said on Sunday.
Indian Electric Vehicles (RV) depends on the supply on the supply of Llithium, Cobalt, nickel and manganese to manufactures the EV batteries.
The government having a dialogue with them (Bolivia, Argentina and Chile) for acquiring of Lithium mines, he further said at the sidelines of the launching of high speed electric scooter ''EPluto 7G'' developed by PURE EV, startup, incubated by IIT-Hyderabad.
''We are planning to acquire few mines and we will ask the industrialists in the country to do the mining, he said the dialogue is on and still in the early stages and we can’t assure whether it will happen'', he stated.
2GW battery plant would set up by the Government of India in ''challenge mode'' and we will ask the industrialists in the country to come up with the proposals, he added.
If they (companies) are ready to invest, the government would support them for other activities, Dr Saraswat informed.
Almost 66 per cent of the world’s lithium reserves were in South America.
More News

Enhance exploration of mineral by using latest technology: Steel Minister asks NMDC

03 Jul 2022 | 7:33 PM

Hyderabad, July 3 (UNI) Union Steel Minister Ram Chandra Prasad Singh asked the NMDC to enhance exploration of minerals by using the latest technology.

see more..
Fuel prices remain unchanged

Fuel prices remain unchanged

03 Jul 2022 | 9:19 AM

New Delhi, July 3 (UNI) The prices of petrol and diesel remained steady for the 43rd straight day on Sunday.

see more..

Instructions given to banks to improve deposit credit ratio

02 Jul 2022 | 10:55 PM

Dharamshala, July 2 (UNI) Additional Deputy Commissioner Gandharwa Rathod has directed all the banks to take effective steps to improve the credit-deposit ratio, along with it has also been asked to show sensitivity towards consumers.

see more..

Ahmedabad most affordable housing market in India

02 Jul 2022 | 5:46 PM

Kolkata, July 2 (UNI) Ahmedabad has the most affordable housing market in India amogn the top eight cities in the country, a study said on Saturday.

see more..

Swiss-based Gurit Wind opens new plant in Chennai

02 Jul 2022 | 5:20 PM

Chennai, July 2 (UNI) The Swiss-based Gurit Wind Private Limited today inaugurated
its new plant in Chennai involving an investment of Rs 250 crores.

see more..