In a major development for India’s economy, a large deposit of lithium reserves has been discovered in Degana, Nagaur district of Rajasthan. The discovery is being hailed as a significant milestone for the country, as lithium is a crucial component in the manufacturing of batteries for electric vehicles, mobile phones, and other electronics.
Lithium, often referred to as “white gold,” is a rare and valuable metal that is in high demand worldwide due to its various applications in industries. The discovery of the reserves in Rajasthan is a game-changer for India’s economy, as the country is currently heavily dependent on lithium imports.
According to reports, the Geological Survey of India (GSI) and mining officials have confirmed that the capacity of the lithium reserves found in Degana is greater than the 59 lakh tonnes of lithium reserves discovered in Jammu and Kashmir earlier this year.
The discovery was made after extensive geological surveys and explorations in the region. The officials involved in the discovery have expressed optimism about the potential of the reserves and their impact on India’s economy.
The discovery of the lithium reserves in Rajasthan is expected to bring significant benefits to the state as well. The mining and processing of lithium will create new job opportunities and boost the local economy. It will also provide a new revenue stream for the state government, which can be used for various developmental initiatives.
The news of the discovery of the lithium reserves in Rajasthan has been met with widespread excitement and optimism among industry experts and investors. With this development, India is expected to become a significant player in the global lithium market, reducing its dependence on imports and contributing to the country’s economic growth.