Unlocking capital, customers and government support on both sides of the critical minerals trade corridor
Unlocking capital, customers and government support on both sides of the critical minerals trade corridor
India’s battery cell incentive scheme aims to build 50 GWh of domestic manufacturing capacity, and 40 GWh has been awarded so far. Beyond the scheme, around ten manufacturers have announced plans for about 178 GWh of capacity over the next five years. As these plants come online, demand for lithium, nickel, manganese and cobalt will grow.
The India Semiconductor Mission has approved 12 manufacturing projects worth about ₹1.64 lakh crore. They include a silicon fabrication plant, two compound semiconductor plants, and assembly and testing facilities. These industries rely on silicon, tantalum, cobalt, hafnium and tungsten.
Steel, aerospace and defence, chemicals and ceramics all depend on secure supplies of critical minerals.
India is building capability across the critical minerals value chain, and much of that capacity will come online in the next few years.
Companies that move early are best placed to secure long-term partnerships.
More than US$4 trillion, and the fastest growing large economy four years running.
About 65 per cent of them under 35.
Around A$6 billion committed to securing supply and building domestic capability.
Potential Australia–India trade by 2030, backed by both governments with the Australia–India ECTA.