India s demand for advanced chemistry cell batteries is expected to surge, from 20 GWh in 2022 to roughly 220 GWh by 2030, as a result of the robust local supply chain and thriving battery manufacturing. The growth will also be buoyed by the country s localisation of a significant percentage of the entire value chain, according to a new report by the Confederation of Indian Industry (CII).
India is considering the Production Linked Incentive (PLI) scheme for chemicals and petrochemical sector, said union finance minister Nirmala Sitharaman on Thursday. Sitharaman also said that the country has set its sight on becoming energy independent by 2047 and achieving net zero by 2070.
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.