Australia’s High Commissioner to India, Ms Harinder Sidhu revealed that Indian companies are encouraged to invest in and own lithium projects in Australia, despite a number of ownership misconceptions amongst the Indian business community.
“There is no impediment in doing so, subject to regulatory and other requirements, and there is no impediment to Australia exporting lithium to India,”
Whilst speaking at an event in Chennai, the commissioner revealed a tactical economic document ‘An India Economic Strategy to 2035’, which emphasises Australia’s plans to engage with the emerging nation between 2018 and 2035.
“We see an interest by India in engaging with Australia for lithium mining,” she observed.
Western Australia currently holds the world’s largest reserves
of hard rock Spodumene, the main mineral used to produce battery grade lithium
hydroxide. In 2017, Australia produced more than 18 000 tonnes of lithium, with
2018 expected to significantly exceed this amount.
Sidhu noted that possible complications could arise, given that Australian
Lithium suppliers are all private companies, whereas importers India are all
She also mentioned that delegates of the WA government would soon re-visit India in an attempt to further the connection between Perth and major Indian cities.