Technology and services, E-commerce company

Australia and India both gain from the promise of expanding trade in lithium resources, said the Australian High Commissioner, Barry O'Farrell on Thursday.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."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.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."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.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."Australia's resource endowment, and our mining capabilities and expertise, well place us to support Prime Minister Modi's ambitions around development of India's new economy sectors," he opined.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.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Technology And ServicesFOLLOW

Technology and services, Latest News

Technology :Spotify services restored after suffering brief outage worldwide

Spotify experienced a brief outage on Friday, leaving tens of thousands of users unable to access the platform before ... ...

International :India, Australia will gain from expanded trade of lithium resources, says Aus High Commissioner Barry O'Farrell

Australia and India both gain from the promise of expanding trade in lithium resources, said the Australian High Commissioner, Barry O'Farrell on Thursday. ...