India, July 10 -- India currently recycles only around 1 per cent of its end-of-life lithium-ion batteries, highlighting a significant environmental challenge alongside a largely untapped economic opportunity. A recent report titled Charging Ahead - Transforming India's Lithium-Ion Battery Recycling Ecosystem, produced by the India Cellular and Electronics Association (ICEA) and Accenture, outlines a strategic plan to develop a USD 3.5 billion domestic circular battery economy by 2030. This initiative aligns with India's growing demand for electric vehicles (EVs), consumer electronics, and energy storage systems.

The report stresses the need for pragmatic policy regulations that encourage the use of recycled materials. However, current r...