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The draft proposal for a production-linked incentive subsidy scheme would offer 216 billion rupees ($2.63 billion) from this year through to 2030 for companies to set up manufacturing capacity for battery cells in India, the FT reported.
Stocks in India have lured a net $8.7 billion in foreign inflows since March, set to be the most in any quarter since the end of 2020.
“Algae” was never going to be a solution to the emissions crisis—as people have been noting for many years, you’d need oil trading at $500 a barrel to make it cost effective.