This article quotes me:
Regarding the REEs, Saon Ray, Professor, Indian Council for Research on International Economic Relations (ICRIER), says Indian policymakers are aware of the importance of this issue. Three PSUs have set up a joint venture to mine for lithium and cobalt overseas. In her view, India has been proactive in securing lithium. Cobalt is more difficult to secure. Alternatives can help, but we need more research partnerships and investment to fulfil these objectives. “Battery manufacturing in the world is dominated by CATL (China), LG (South Korea) and Panasonic (Japan). There is a need to indigenise battery manufacturing, and this is being encouraged through the Production-Linked Incentive scheme for manufacturing advanced chemistry cells (ACC),” she adds.