The Union Ministry of New and Renewable Energy has an increased budget, with an outlay of Rs 32,911 crore. Out of this, more than Rs 30,000 crore is assigned for solar energy.
Country's used lithium-ion battery problem is also set to grow sharply in next decade. India 3rd largest e-waste producer with 7% global share but currently recycles only about 10% of it.
The Indian market in lithium-ion battery recycling recovers critical minerals such as lithium, nickel, and cobalt from used batteries for reuse in production again.
Lithium found in Jammu should not just be a ‘feel-good’ discovery. It must be used to develop the entire electric vehicle and energy storage ecosystem in India.
Central govt says 5.9 mn tonnes of lithium reserves have been found in J&K. Lithium's a key component in EV batteries & will ultimately help India achieve net zero emissions by 2070.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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