India, Feb. 13 -- The Government of India has issued a release:
The Ministry of Heavy Industries is administering the Production Linked Incentive (PLI) scheme, namely "National Programme on Advanced Chemistry Cell (ACC) Battery Storage," approved in May 2021 with a total outlay of Rs.18,100 crore to establish 50 GWh of domestic Advanced Chemistry Cell manufacturing capacity.
The Scheme aims to reduce India's dependence on imported ACCs by strengthening domestic manufacturing capabilities and incentivising large domestic and international players to establish a globally competitive ACC battery-manufacturing ecosystem in the country. However, at present, the domestic demand continues to be met largely through imports.
This initiative of th...