The Union Science Ministry informed Lok Sabha about the imports of Li-ion batteries which are vital for powering a range of devices from cellphones to electric vehicles.
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India has quadrupled its imports of lithium-ion (Li-ion) batteries and more than tripled its import bill on the product from 2016-2018.
175 million such batteries were imported in 2016, 313 million in 2017, 712 million in 2018 and 450 million from January 1, 2019, till November 30 of that year.
The cost of these imports rose from $383 million in 2016 $929 million (₹6,500 crore) in 2019.
Indian manufacturers source Li-ion batteries from China, Japan and South Korea and the country is among the largest importers in the world.
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