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Checkout How Jharkhand’s Lithium Reserves is a Gamechanger for India’s EV Industry

October 09, 2023. By News Bureau

Jharkhand, a state in eastern India, has recently discovered large reserves of lithium, a mineral that is being seen as a gamechanger to achieve the goals of zero-carbon green energy in the coming years all over the world.

The discovery of large reserves of lithium in Jharkhand has created immense possibilities for the battery-based electric vehicle industry in India. Currently, the country’s electric vehicle industry is still completely dependent on imports for its lithium requirements.

The National Mineral Exploration Trust (NMET) has found that Koderma and Giridih in Jharkhand have large reserves of many rare minerals besides lithium. The Geological Survey of India had found reserves of 1600 tons of lithium in Karnataka and 59 lakh tons of lithium reserves in Jammu and Kashmir’s Reasi district.

Lithium is used in medical technology, electronics industry, mobile phones, solar panels, wind turbines, and other renewable technologies.

The Central Government has set a target to increase EV adoption by 30 percent by 2030. Lithium is the most essential mineral to achieve this goal. Therefore, the government has placed special emphasis on the possibilities of exploring lithium.

The discovery of lithium reserves in Jharkhand is expected to have a significant impact on the global economy and is a significant step towards strengthening India’s energy security plans.

The project aims to build institutional and corporate capabilities, skills, and other areas of cooperation. It is expected to bring about a significant boost in the economies of both countries.

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