A report by ICEA and Accenture proposes a strategic roadmap to establish a $3.5 billion circular battery economy in India by 2030.
The report emphasizes pragmatic policy regulations for utilizing recycled materials to enhance the availability of high-quality recycled material.
Implementation of recommendations could create 41,000 green jobs by 2030, reduce carbon emissions by 75,000 tonnes annually, and conserve 5.7 billion gallons of water.
Key focus areas include scaling domestic cell manufacturing, building hydrometallurgical capabilities, reforming trade regulations, and enhancing reverse logistics.