What is the plan of the Indian government 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 has formulated a plan to invest approximately ₹200 crore in exploring and developing lithium blocks in Argentina. Here are the key points of the plan:
- Investment: The Indian government will allocate funds of ₹200 crore specifically for this initiative.
- Lithium Blocks: The focus will be on exploring and developing five lithium blocks in Argentina. These blocks are known to have significant lithium resources.
- Exploration: The government aims to conduct comprehensive exploration activities to assess the quality and quantity of lithium reserves in these blocks.
- Development: Once the exploration phase is completed, steps will be taken to develop the lithium resources efficiently and sustainably.
- Collaboration: The Indian government may collaborate with international entities, including experts and companies, to leverage their expertise in lithium mining and processing.
- Economic Benefits: This investment is expected to provide economic benefits for both India and Argentina, such as job creation, revenue generation, and resource diversification.
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