According to the government, European and Indian firms that are pioneering in the sector of recycling batteries for electric vehicles are setting the standard for innovation and promoting joint ventures.
Underlining the importance of recycling EV batteries and the collective commitment of India and the EU towards sustainability, and innovation, the principal scientific adviser to the government held a meeting with battery recycling technology startups from EU member states, members from selected Indian startups and officials from the delegation of EU to India.
This partnership “opens up new opportunities for technology transfer, market access, and co-development,” according to Professor Ajay Kumar Sood, the government’s principal scientific adviser. It is crucial for promoting sustainable development and economic resilience, according to DTNEXT.
The India-EU Trade and Technology Council (TTC) Working Group 2 (WG2) organized the conference in the nation’s capital.
“With the help of the Trade and Technology Council, we are able to help EU and Indian startups join forces, pioneer innovation, foster business collaboration, and drive market uptake of cutting-edge technologies,” DTNEXT further reported, citing Dr. Ewa Suwara, Deputy Head of the EU delegation to India.
The progress gained in promoting cooperation between Indian and European businesses in the crucial area of EV battery recycling solutions was the main topic of discussion. Indian companies that competed were BatX Energies, Evergreen Lithium Recycling, LW3 Pvt Ltd, and Lohum; European firms were Ecomet Refining and Eneris.
The India-EU TTC was jointly introduced in April 2022 by Prime Minister Narendra Modi and President of the European Commission Ursula von der Leyen. This mechanism, which was established in February 2023, allows both parties to address challenges that arise at the convergence of trusted technology, security, and commerce. It also fosters deeper collaboration in these areas.
