India has signed the ‘historic’ agreement for lithium exploration and mining project in Argentina, that gives further fillip to the country’s efforts for sourcing lithium.

India’s state-owned firm Khanij Bidesh India Ltd (KABIL) signed a 2 billion-rupee ($24 million) lithium exploration pact for five blocks in Argentina. Speaking on the occasion, Pralhad Joshi said that “This is a historic day for both India and Argentina as we are scripting a new chapter in bilateral ties with the Agreement signing between KABIL and CAMYEN – a step which will not only play a crucial role in driving the energy transition for sustainable future, but also ensure a resilient and diversified supply chain for critical and strategic minerals essential for various industries in India.”.