Lithium-rich Bolivia seeks Indian investments to manufacture EV batteries

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Bolivia, which is keen on signing a preferential trade agreement with India, is wooing Indian investors to manufacture lithium batteries and related products in the country. Sources said some large Indian companies are exploring investment opportunities in Bolivia as they await a NITI Aayog policy recommendation on subsidies for the sector. Lithium batteries can be used in electric vehicles which the Indian government wants to promote. Having the largest reserves of lithium, Bolivia has recently come out with a lithium policy and is inviting both public and private sector buyers and investors. Sergio Dario Arispe Barrientos, ambassador of Bolivia to India, said: Bolivia has the largest reserve of lithium in the world and it can become a strategic partner to India in providing the resource. Salt flats in highlands of Bolivia are thought to hold millions of tonne of untapped lithium reserves. According to the US Geological Survey, the Salar de Uyuni salt flats in the country alone contain nine million tonne of lithium, over a quarter of the worlds known reserves. In total, Bolivia is estimated to possess about half of the worlds lithium. According to a NITI Aayog report titled To do so, however, will require a strategy designed to overcome India India According to reports, India