New Delhi: Australia and India both gain from the promise of expanding trade in lithium resources, said the Australian High Commissioner, Barry O'Farrell on Thursday.<\/p>\n
While speaking at a session of the Indo-Australian Chamber of Commerce on 'Lithium: Powering a New Australia-India Partnership', he said both the countries stand to gain from the promise of expanding trade in lithium resources.<\/p>\n
\"Lithium, and Li-ion and other technologies, will can play a key role. Indeed, India's ambitious renewable energy targets have led to an expansion of its clean energy commitments,\" he said.<\/p>\n
O'Farrell added, \"Lithium metal-based battery technologies will form the key component of the push for the rollout of EV and hybrid vehicle--and Australia and India both stand to gain from the promise of expanding trade in lithium resources.<\/p>\n
\"As many of you are already aware, Australia is a reliable and cost-competitive supplier of resource and energy commodities. Australia is the world's largest producer of lithium--and has the second largest lithium reserves in the world. And, as a market leader in Mining Equipment, Technology and Services (METS), our firms can contribute to the development of India's own lithium resources,\" he said.<\/p>\n
The Australian High Commissioner mentioned that India's ambitious renewable energy targets have led to an expansion of its clean energy commitments, recalling Prime Minister Narendra Modi's ambition to achieving 450-gigawatt renewable energy generation capacity by 2030, at the 4th India Energy Forum on 26 October last year.<\/p>\n
He also said that there couldn't be better timing for lithium-related trade and investment, in view of the need for both nations to diversify and strengthen the supply chain, and in recognition of India's drive toward self-sufficiency and the remarkable growth of its new economy sectors. <\/p>\n
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India, Australia will gain from expanded trade of lithium resources, says Aus High Commissioner Barry O'Farrell - Economic Times<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" New Delhi: Australia and India both gain from the promise of expanding trade in lithium resources, said the Australian High Commissioner, Barry O'Farrell on Thursday. Continue reading