How does the Indian government plan to explore and develop lithium blocks in Argentina
The Indian government plans to invest about ₹200 crore to explore and develop five lithium blocks in Argentina.
The Indian government plans to explore and develop lithium blocks in Argentina by investing approximately ₹200 crore. Here are the key points regarding their strategy:
- Investment: The government will allocate a budget of around ₹200 crore for the exploration and development of five lithium blocks in Argentina.
- Lithium Reserves: Argentina has one of the world's largest lithium reserves, and this partnership aims to secure a strategic supply of this essential mineral for India.
- Collaboration: The Indian government will collaborate with Argentine authorities to carry out exploration activities effectively and efficiently.
- Technological Development: The exploration and development process will involve the implementation of advanced technologies and techniques to ensure maximum productivity and sustainability.
- Joint Ventures: Indian companies are likely to enter into joint ventures with Argentine counterparts for smooth execution and sharing of expertise.
- Long-term Goals: The government's plan aligns with India's long-term vision of reducing its dependence on imported minerals and achieving self-sufficiency in the lithium sector.
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a year ago