India will soon be in position to export Lithium-ion batteries: Nitin Gadkari
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Union Minister of Road Transport Highways, Nitin Gadkari has said that India will soon be in a position to export lithium-ion batteries. The Union Minister said ‘I am confident that we’ll be in a position to export lithium-ion batteries to the different parts of the world. At the same time, the research is going on. The aluminium, ironic oil, and different types of chemistry. I feel that it is also a good thing and there is a huge market for that.'
Gadkari said with government initiatives and incentives many Indian companies are venturing into lithium-ion battery manufacturing. He stated ‘The good thing is that lithium-ion manufacturing is now Adani, Tata, Maruti, LG, and Samsung. They are all coming in this business. Because…Take the example of semiconductors the government adopted is such a good policy because of that after 2 three years we will be the number one in the manufacturing of the semiconductors in the world.'
Further, Gadkari stated that India’s EV market is expected to grow to one crore units of annual sales by 2030 and will create five crore jobs. Indian EV market has the potential to become Rs 20 lack crore by 2030. He asked the industry to focus on quality, better designs, and use the latest technology if they want to compete in the segment and boost exports. Consumers are now conscious of quality.
