India will become number-1 in the production of electric vehicles, lithium reserves found in Jammu and Kashmir will change its fortunes: Nitin Gadkari
Every year 1,200 tonnes of lithium is imported.
Import will reduce due to availability of lithium reserves.
India will lead the world in the matter of e-vehicles.
New Delhi. India can very soon become the number-1 country in the world in the production of Electric Vehicles. Addressing an event organized by the Confederation of Indian Industry (CII), Union Transport and Highways Minister Nitin Gadkari said that India can soon become the world’s largest producer of electric vehicles along with being self-sufficient. .
He said that using the recently discovered Lithium Reserve in Jammu and Kashmir, India can quickly overtake the production of electric vehicles. He also stressed the need for electric vehicles in the public transport sector. The Union Minister said that electric vehicles are the future of transport.
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There will be less dependence on imports
Gadkari said that we import about 1,200 tonnes of lithium every year. If we use the lithium reserves discovered in Jammu and Kashmir, we can soon overtake every country in the world in terms of production of electric vehicles.
In the program, Gadkari said that India’s automobile industry is currently worth Rs 7.5 lakh crore and the contribution of this sector is maximum in the total GST revenue. He told that lithium comes under the critical resource category and at present we are 100 per cent dependent on its imports. However, with the availability of reserves, things may now change for India.
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New employment opportunities will emerge
Gadkari said that this lithium reserve can also create many employment opportunities for the local people. With our innovative approach, we can develop the backward area and at the same time create new employment opportunities.
G3 advanced study of Geological Survey of India (GSI) has revealed presence of good quality Lithium in abundance in the foothills of Mata Vaishno Devi Temple at Salal village (Reasi). It is said that about 60 lakh tonnes of lithium reserves have been found here.
What is the use of lithium?
Lithium is used on a large scale to make batteries used in electric vehicles. Apart from this, lithium is also used in other battery-powered devices such as mobiles, smartwatches, laptops, digital cameras, etc. Talking about the automobile sector, India is the third largest producer of vehicles in the world after China and America.
In this program, Nitin Gadkari also emphasized on the need for better roads in the country. He said that if the roads are good then the logistic cost will also come down. Gadkari said that our target is to bring down the logistics cost to single digit by 2024. He also appealed to the industrialists to invest in vehicle scrapping.
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Tags: auto news, cars, Electric Vehicles, Union Minister Nitin Gadkari
FIRST PUBLISHED : March 25, 2023