PLI scheme on battery production to make India major hub, cut China dependence
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The PLI will also cut import dependence on China and increase local value addition in mobiles, electronics, automobile (EV) and the solar industry, the India Cellular and Electronics Association (ICEA) said in a statement Saturday.
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ACC batteries are the new generation of advanced storage technologies which store electric energy as electrochemical and convert it back to electric energy as and when required.
The government’s Rs 18,000- crore incentive scheme for advanced chemical cell (
ACC) battery production is the first major push to build capacity in core component technology, and will make India a global hub of clean energy, electronics makers say.