India Could To Be The Superpower By 2028

Indian is a progressive country and is one of the fastest growing economy in the world and the trio-leaders like Piyush Goel, Nitin Gadkari and Ravi Shankar Prasad under the leadership of Narendra Modi and they are remembered for their vision and smart work they have done towards the tranformation in LED light, solar energy, Road & Transportation transformation supported by Digital India for various "transformative journey" undertaken over the last five years. and now the time is to seriously think on stressing on how to control on the "waste to wealth". The new leadership, who so ever comes this time in power have to think on purely on the develop agenda like to develop our country where our import of petroleum will have to be zero by promoting alternative fuel like ethanol, methanol, bio-CNG...etc. As India is being eyed by all the global majors ,hence all the leaders have to work by balancing the socio-ecomonic and Techno-political factor keeping in their mind.

Secondly, if you are going for buying a new vehicle, don’t get surprise on it will be your last vehicle to buy(Petrol/diesel )vehicle in the next 10 years, until your road licence gets over after 10 years. It is the time to use of science, technology, entrepreneurship and research and bring newer initiatives towards saving lakhs of crore from the import of Petroleum products and Fertilisers to become self-sufficient by focusing more on developing alternative fuel economy, India can stop importing petroleum products.

India’s oil import bill is jumping at higher speed when we compare to the previous year as per the data from the oil ministry. India’s crude oil imports in the April-August period of the current financial year (2018-19) rose 53.55 per cent to $58.81 billion, as compared to $38.30 billion in the corresponding months of the previous financial year.

By reviewing the statement by Reserve Bank of India (RBI) in its annual report released said, that elevated crude oil prices and strengthening of domestic demand would push up the import bill. "With India being a net energy importer, the changing demand-supply dynamics in the international crude oil market may impact heavily on India’s trade deficit.

As per the research compnay Moody, India might breach the fiscal deficit, primarily due to higher oil prices, which would add to short-term fiscal pressure, which it has reflected in the Union budget for 2018-19 , that had allocated Rs 24,933 crore as petroleum subsidy for the current fiscal, it has increased over the Revised estimate of Rs 24,460 crore for 2017-18.

It is the time for the technology companies and investors to think for manufacture lithium-ion batteries. Now India sources lithium-ion batteries from China, Japan and South Korea among some other countries and India is one of the largest importers, and in 2017 it imported nearly $150 million worth lithium-ion batteries.

Thirdly, opportunity for producing alternate energy like, production of ethanol and biogas from waste could result in savings to the tune of Rs 5 lakh crore annually. For example, one tonne of rice straw can get 400 litres of ethanol. In North East, bamboo could be used for making ethanol.
 

To complement the ever-growing Industry, technology has come out with the indigenous lithium-ion cells developed by a group of scientists at the Council for Scientific Industrial Research (CSIR)'s CECRI in Tamil Nadu's Karaikudi in partnership with CSIR-National Physical Laboratory, CSIR-Central Glass and Ceramic Research Institute, Kolkata and CSIR-Indian Institute of Chemical Technology, Hyderabad. It will give tremendous boost to two flagship programmes - generating 175 giga watts (GW) by 2022, of which 100 GW will be solar and the second, the National Electric Mobility Mission, to switch completely to electric vehicles by 2030.From here we can imagine the growth potential. It is a proven fact that, Lithium-ion batteries have applications in energy storage systems and can power any electrical application without the need of physical wires.

The next generation opportunity is the market for electric vehicle power packs that are set to grow to $300 billion by 2028. The auto makers including Mahindra & Mahindra, Tata Motors and Ashok Leyland. are making EVs. Overseas companies such as Hyundai Motor Co. and Suzuki Motor Corp. are considering entering the new segment as the government plans to have green vehicles comprise about a third of its fleet by 2030. The recent announcement of Micromax co-founder Rahul Sharma based of Gurgaon to invest Rs.500 crore for the electric motorcycles and is expected to hit the market by this July 2019.

Scandinavian carmaker has tied up with the Delhi-based Bird Group to roll out a 5-seater electric car priced at Rs 7,14,000 by 2020. Uniti has showcased its 2-seater electric car - Uniti One - alongside a virtual reality demonstration of the 5-seater car and the Korean car maker Kia Motors has started the trial production at its first Indian plant in Anantapur in Andhra Pradesh. With an investment of around $1 billion, the manufacturing plant has an annual production capacity of three lakh vehicles. The cars are expected to hit the road by early July of this year. It is all possible with the announcement of PM Modi’s announcement for the second phase of the country’s Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) program, with the investment of 55 billion-rupee ($765 million) program seeks to give incentives for the adoption of EVs.

Another report says, electric cars may clock up to 800 km on single charge and by 2040, more than half of all new car sales in the world and a third of the planet’s automobile fleet - equal to 559 million vehicles - will be electric.

Lastly, Lithium-air batteries, which are still in the experimental stages of development, can store 10 times more energy than currently used lithium-ion batteries, and they are much lighter, as per the researchers from the University of Illinois at Chicago (UIC). Tata group is already planned to invest in lithium ion battery manufacturing in Gujarat. “We want to make further investments, not only in manufacturing electric vehicles, renewable energy , apart from technology sector but also in lithium ion battery projects here," N Chandrasekaran, Chairman of Tata Group Said.