India Must Act Now to Dominate Global Battery Materials Market: Vikram Handa
India has an unprecedented opportunity to emerge as a global leader in battery materials manufacturing, but the country must move quickly to capitalize on the accelerating energy transition, according to Vikram Handa, Managing Director of Epsilon Group.
As electric vehicle adoption and renewable energy storage requirements continue to expand worldwide, demand for battery materials is expected to rise sharply over the coming decade. Industry leaders believe that countries capable of building resilient and localized battery supply chains will gain a significant competitive advantage in the global clean energy economy.
Handa highlighted that while critical battery minerals are mined across regions such as Australia, Canada, Africa, and South America, much of the world's processing capacity remains concentrated in China. This concentration presents both a challenge and an opportunity for India, which already possesses a strong chemicals manufacturing ecosystem, engineering expertise, and growing industrial capabilities.
According to industry estimates, global battery demand could increase several-fold by 2030 as governments and corporations accelerate decarbonization efforts. India's domestic EV market, energy storage projects, and manufacturing ambitions are expected to further drive demand for battery-grade anodes, cathodes, and other advanced materials.
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Epsilon Group has positioned itself as a key player in this transformation through investments in graphite anode production, advanced battery materials, research and development, and international manufacturing expansion. The company is pursuing large-scale projects aimed at supporting both domestic and global battery manufacturers.
Handa emphasized that India must focus not only on battery cell manufacturing but also on upstream material processing and supply chain localization. Developing domestic capabilities in battery chemicals and critical material processing could help reduce import dependence, improve energy security, and strengthen India's position in global clean technology markets.
The global shift toward diversified battery supply chains has accelerated as governments seek alternatives to concentrated sourcing models. Industry observers note that countries investing early in battery materials infrastructure, technology development, and sustainable production practices are likely to capture long-term economic benefits from the EV and energy storage revolution.
For India, the coming decade may represent a defining period. If supported by policy incentives, investment, and industrial collaboration, the country could evolve from a major battery materials importer into a globally competitive manufacturing and export hub serving rapidly expanding clean energy markets worldwide.
Why does Vikram Handa believe India must act now in battery materials?
India has a major opportunity to become a global battery materials manufacturing hub by leveraging its chemical industry strengths, engineering talent, and growing EV market. According to Epsilon Group Managing Director Vikram Handa, India should rapidly expand domestic battery materials production, critical mineral processing, and supply chain localization to reduce import dependence and compete with China in the global clean energy economy. Growing EV adoption and energy storage demand are expected to drive long-term growth in battery materials markets worldwide.
News source: https://www.indianchemicalnews.com/interviews/lite/india-must-act-now-to-dominate-global-battery-materials-vikram-handa-managing-director-epsilon-group-581