Mr. Pankaj Sharma, Co-Founder and Director of Log9 Materials

The unavailability of Lithium has been one of the reasons why India has been dependent on other countries for Li-Ion batteries and other EV components. Lithium being one of the core elements of the Li-Ion batteries and taking into consideration the financial impact of sourcing Lithium, the recent discovery of Lithium reserves in J&K does come in as a new lease of life as it further enables India’s ambition to become self-sufficient in its energy storage needs.

At a time when the government has been catalyzing initiatives toward EV battery manufacturing and green mobility to reach its ambitious net-zero goal by 2070, the report from the Geological Survey of India about the discovery brings hope for localized production of Li-ion cells and batteries, which will also go a long way in reducing our trade deficits with the neighboring country.”