Lithium Energy and India

India is a fast-developing country and one of the Asian giants. As per a Standard Chartered report, India is likely to surpass the United States to become the world's second-largest economy by 2030 behind China which will be on the top spot having surpassed the US, which will be at the third place, the report said. In keeping with its fast-paced growth, it has an almost insatiable hunger for energy. India’s energy consumption is expected to grow 4.2 percent per year for the next two decades, overtaking China as the world’s largest energy growth market before 2030.
However, one thing is certain; the world shall move away from PETROLEUM as the major source of energy just restricted to limited uses as any other commodity/material. The harbinger of the future is the present market glut in OIL! It shall have far-reaching effects globally.

1 - A greener world
2 - Reduction in oil income and the attendant chaos and political unrest among oil exporting countries who are used to easy money.
3 - Financial muscle of Radical Islam will weaken; so would Pakistani Jihadi enterprise!
4 - Wahhabist Islam rides on the back of oil money so hopefully terror machinery will 
      weaken.

The Government of India, has announced new schemes and initiatives aimed at building power generation capacity, promoting energy efficiency, and increasing clean energy sources in the overall power mix amongst others. There has been suggestion from various sources the government should strive to set up R&D and technology development centres for indigenous lithium ion battery manufacturing plants, which is crucial to India’s ambitions of achieving energy security. India has set a target on achieving an all-electric car fleet by 2030, and has in the recent years started reaching out to the ‘Lithium Triangle’ in South America.

The Financial Express Online in January quoted Daniel Chuburu, ambassador of Argentina to India who had reportedly said “Before the visit of President Mauricio Marci, a delegation of Khanij Bidesh India Ltd. will be visiting Argentina end of next month for exploration opportunities in the mining of Lithium.” Discussion on Lithium mining is slated to be on the agenda when the President of Argentina Mauricio Macri arrives on a three day visit on Feb 17, 2019. This seems all too believable considering that a considerable dent to the exchequer is being made in the form of imports which is almost 100%. 
These batteries are commonly used in portable electronic devices, solar power plants as well as electric vehicles due to their high energy density and high charge and discharge rate capabilities, as compared with other type of batteries such as Ni-MH or Lead Acid. Lithium-ion battery technology is disrupting most electronic industries and will have far-reaching implications for different markets. Thus, their importance in all sectors particularly Defence cannot be underestimated.
President Kovind’s visit to Bolivia, has been favourably commented upon by various sources especially in view of the Chinese geopolitical strategy of capturing key minerals.