Stay updated with breaking news from Chemistry Cell. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
With this bidding process, the prospective applicants can submit their bids to set-up domestic manufacturing facility for ACC, which will help them qualify for incentives under PLI ACC scheme.
In May 2021, the government approved the PLI (Production Linked Incentives) scheme for manufacturing ACC (Advanced Chemistry Cell) batteries at an estimated outlay of Rs 18,100 crore.
The government on Thursday announced the re-bidding of production linked incentives for 20 GWh Advanced Chemistry Cell manufacturing -- India's Rs 18,100-crore programme to boost local battery cell production. The Ministry of Heavy Industries (MHI) will facilitate a stakeholder consultation with industry representatives on July 24, 2023 for their inputs and suggestions before the start of the re-bidding process of remaining 20 GWh capacity.
The Modi government is likely to 'substantially' increase the allocation for ongoing Production-Linked Incentive (PLI) schemes in the budget session that will take place on 1 February 2023, Economic Times reported quoting people with knowledge of the matter. It added that some new sectors may be included in the programme that seeks to boost domestic manufacturing, aid exports, and spur investment in the country. -- aaa
Soaring requirement for electric vehicles as well as energy storage applications in India are necessary drivers for the government of India to commit to serious investment in lithium-ion battery manufacturing in Budget 2022-23, finds a new ...