Auctions will be held for mining and refining the lithium deposits if they are discovered. The work will begin soon, according to government sources.
The amount of lithium discovered in India will increase the country's production of personal electric vehicles in the coming days. According to media reports, the country's electric vehicle fleet could grow by 30% by 2030.
This time, the country will be 'self-sufficient' because a large amount of lithium was discovered in the country and the cost of making batteries will decrease. That is, according to the government.
For a long time, India had to rely on other countries for lithium because it was not available in India. In other words, lithium had to be imported. Which comes at a cost.
To reduce pollution, the Center is emphasising the production of electric vehicles in the country. And the battery required for such a vehicle is a lithium-ion battery.
Lithium is a key component of rechargeable batteries found in smartphones and laptops. Not only that, but lithium plays an important role in the field of electric vehicles.
The discovery of large quantities of lithium will undoubtedly be significant for India, according to the business community. As a result, the country's battery industry is expected to experience a surge.
According to the Union Ministry of Mines, 5.9 million tonnes of lithium, or 59 lakh tonnes, have been discovered.
Reasi is one of Jammu and Kashmir's oldest cities. This charming town is 64 kilometres from Jammu. This district contains pilgrimage sites such as Vaishno Devi and Shiva Khori. The name of the country's first lithium deposit was added to the list this time.
The Geological Survey of India has discovered lithium deposits in the Salal-Haimana area of Jammu and Kashmir's Reasi district.