India entices battery makers with advanced cell production incentives scheme
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Narendra Modi – 'India can be preferred investment destination'. Photo: PM's office
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India has launched a battery manufacturing incentives scheme aimed at attracting international and domestic players to develop giga-scale advanced cell production facilities in the country.
The equivalent of around £1.9bn has been earmarked under the government’s production-linked incentive (PLI) plan for ‘advanced chemistry cells’ (ACC) production – one of 10 sectors targeted to expand India’s manufacturing capabilities and exports.
The government said batteries produced under the ACC national programme would be used in electric vehicles, energy storage, solar power and the automotive sector.
India’s prime minister, Narendra Modi, said the PLI scheme would boost manufacturing and make India "a preferred investment destination”.
'More competitive'
Draft request-for-proposal documents have already been issued – and the India Energy Storage Alliance (IESA) was today due to host an open webinar for industry leaders and government representatives to discuss details of the PLI plan, application procedures and eligibility criteria.
The IESA said the PLI "is expected to incentivise large domestic and international players in establishing a competitive ACC battery set-up in the country”. "In the auto sector, the PLI scheme aims to make the Indian automotive industry more competitive and enhance the globalisation of the automotive sector.”
Last year, the Indian government gave the green light for a ‘National Mission on Transformative Mobility and Battery Storage’, aimed at driving forward its ‘Make in India’ programme.
Under that programme, the government is working to attract global companies to produce solar PV, batteries, solar charging infrastructure and other advanced technologies in India.
The equivalent of around £1.9bn has been earmarked under the government’s production-linked incentive (PLI) plan for ‘advanced chemistry cells’ (ACC) production – one of 10 sectors targeted to expand India’s manufacturing capabilities and exports.
The government said batteries produced under the ACC national programme would be used in electric vehicles, energy storage, solar power and the automotive sector.
India’s prime minister, Narendra Modi, said the PLI scheme would boost manufacturing and make India "a preferred investment destination”.
'More competitive'
Draft request-for-proposal documents have already been issued – and the India Energy Storage Alliance (IESA) was today due to host an open webinar for industry leaders and government representatives to discuss details of the PLI plan, application procedures and eligibility criteria.
The IESA said the PLI "is expected to incentivise large domestic and international players in establishing a competitive ACC battery set-up in the country”. "In the auto sector, the PLI scheme aims to make the Indian automotive industry more competitive and enhance the globalisation of the automotive sector.”
Last year, the Indian government gave the green light for a ‘National Mission on Transformative Mobility and Battery Storage’, aimed at driving forward its ‘Make in India’ programme.
Under that programme, the government is working to attract global companies to produce solar PV, batteries, solar charging infrastructure and other advanced technologies in India.