New Delhi, Jan. 16 -- The Ministry of Heavy Industries (MHI) is crafting a comprehensive scheme to boost domestic value addition (DVA) in electric vehicle battery manufacturing, encompassing financial lending support and business facilitation measures.

The initiative aims to strengthen India's position in the growing electric vehicle sector.

Speaking at the India Battery Manufacturing and Supply Chain Summit 2025 in Delhi, MHI Joint Secretary Vijay Mittal revealed that the ministry is preparing a concept note to unite policymakers around specific schemes supporting battery component manufacturing.

The initiative will address financial systems, policy regulations, and ease of doing business considerations.

The focus on domestic manufac...