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The discovery of lithium deposits in Kashmir has given India’s semiconductor dreams hope. But to realise this dream India needs to invest massively in putting the mining infrastructure in place for critical minerals And even more, money to continue the exploration. If the government decides to go alone billions upon billions of dollars will be tied up in the process. Money which can be used elsewhere. To address it, the government decided to introduce reforms and on Friday, the Lok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill The bill will enable private companies to mine critical minerals like lithium. Something that was earlier limited to state-owned companies.

India recently rejected a billion Chinese dollars in investment. Chinese EV major BYD wanted to invest a billion dollars in India. It even had a local partner lined up, the privately held Hyderabad-based Megha Engineering and Infrastructures. To sweeten the pot, the Chinese also offered to build charging stations across the country, construction of research and development facilities and training centres. But India said no. According to a Business Today report India has said no to 58 FDI proposals from Chinese companies or individuals in last 3 years. Watch the video to find out why.

It seems India is floating in Lithium all of a sudden. From a massive find in J& K earlier this year, an even bigger lithium reserv has have been discovered in Rajasthan's Degana. If preliminary reports are to be believed, the Lithium deposits found in Rajasthan are even biger than those recently discovered in Jammu and Kashmir.Furthermore, the officials quoted by reports claim that the available lithium can supply about 80% of India's needs. Lithium reserves were discovered for the first time in Reasi, Jammu and Kashmir, in February of this year.

Lithium discovery in India

A new green shade for the iPhone 12 was also a top trending topic on Chinese app Weibo on Friday, prompting positive reactionsApple's announcement last week initially drew mixed reviews in China, but analysts expect a surge in orders this year

Iran's Revolutionary Guard shot down a Ukrainian jetliner in January, killing all 176 people on board, 6 people believed to be involved in the incident have been arrested

Auto replacement sales account for 39-45% of both battery makers’ revenue and 55-70% of operating profitsThe collapse in demand from original equipment manufacturers (OEMs) is likely to be offset by an increase in replacement market sales once the lockdown ends

It is a profoundly productive battery with higher limit and low inner obstruction.

The reserves look too small to lower our dependence on lithium imports by much