0 Comments The government of India has approved the proposal of the Department of Heavy Industry for the implementation of the Production Linked Incentive (PLI) scheme for National Programme on Advanced Chemistry Cell (ACC) Battery Storage’. This scheme aims to achieve a manufacturing capacity of 50-Gigawatt hour (GWh) of ACC and 5-GWh of ‘Niche’ ACC with an outlay of Rs 18,100 crore.
ACC batteries are used in consumer electronics, electric vehicles, advanced electricity grids and more
Scheme expected to bring direct investment of Rs 45,000 crore in ACC battery manufacturing projects
Manufacturing of ACC batteries in India will facilitate demand for EVs
PLI scheme for ‘National Programme on Advanced Chemistry Cell Battery Storage’: what is it?
The government on Wednesday approved the Production Linked Incentive (PLI) scheme for promoting battery storage at an estimated outlay of Rs 18,100 crore. With the objective to promote the Make in India initiative, National Programme on Advanced Chemistry Cell (ACC) Battery Storage is expected to attract investment of Rs 45,000 crore, Information and Broadcasting Minister Prakash Javadekar told reporters after the Cabinet meeting. The proposal aims to achieve a manufacturing capacity of 50 Gigawatt Hour of ACC and 5 GWh of niche ACC, he said. It will promote green growth and use local products like copper and bauxite to a large extent, he added.
Minister Prakash Javadekar told reporters after the Cabinet meeting.
The proposal aims to achieve a manufacturing capacity of 50 Gigawatt Hour of ACC and 5 GWh of niche ACC, he said.
It will promote green growth and use local products like copper and bauxite to a large extent, he added.
New Delhi, May 12 (PTI): The government on Wednesday approved the Production Linked Incentive (PLI) scheme for promoting battery storage at an estimated outlay of Rs 18,100 crore.
With the objective to promote the Make in India initiative, National Programme on Advanced Chemistry Cell (ACC) Battery Storage is expected to attract investment of Rs 45,000 crore, Information and Broadcasting Minister Prakash Javadekar told reporters after the Cabinet meeting.
Govt approves ₹18,100 crore PLI scheme for promoting ACC battery manufacturing
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AAA The government on Wednesday approved the Production Linked Incentive (PLI) scheme for promoting battery storage at an estimated outlay of ₹18,100 crore.
With the objective to promote the Make in India initiative, National Programme on Advanced Chemistry Cell (ACC) Battery Storage is expected to attract investment of ₹45,000 crore, Information and Broadcasting Minister Prakash Javadekar told reporters after the Cabinet meeting.
The proposal aims to achieve a manufacturing capacity of 50 Gigawatt Hour of ACC and 5 GWh of niche ACC, he said.
It will promote green growth and use local products like copper and bauxite to a large extent, he added.
Govt approves Rs 18,100 cr PLI scheme for promoting ACC battery manufacturing
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Last Updated: May 12, 2021, 04:16 PM IST
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Synopsis
The proposal aims to achieve a manufacturing capacity of 50 Gigawatt Hour of ACC and 5 GWh of niche ACC, Information and Broadcasting Minister Prakash Javadekar told reporters after Cabinet meeting today.
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It is expected to promote green growth and use local products like copper and bauxite
The government on Wednesday approved the Production Linked Incentive (PLI) scheme for promoting battery storage at an estimated outlay of Rs 18,100 crore.
With the objective to promote the Make in India initiative, National Programme on Advanced Chemistry Cell (ACC) Battery Storage is expected to attract investment of Rs 45,000 crore, Information and Broadcasting Minister Prakash Javadekar told reporters after the Cabinet meeting.