Beating countries like China, which usually is the cheapest manufacturer of everything, India has also left behind the US, UK, Canada and France among others.
Australian mining company Neometals has entered into a deal with Indian power conglomerate Manikaran Power to jointly fund a feasibility study to set up India's first lithium refinery.
Mahindra Susten, a leading player in the Indian solar energy sector, has entered into a partnership with Mitsui & Co., of Japan to jointly develop and operate distributed solar power generation
India is expected to maintain the current level of thermal coal imports as the country's power demand is likely to increase, said a report by Fitch Ratings on Monday.