The government on Wednesday approved the Production Linked Incentive (PLI) scheme for promoting battery storage at an estimated outlay of Rs 18,100 crore. With the objective to promote the Make in India initiative, National Programme on Advanced Chemistry Cell (ACC) Battery Storage is expected to attract investment of Rs 45,000 crore, Information and Broadcasting Minister Prakash Javadekar told reporters after the Cabinet meeting. The proposal aims to achieve a manufacturing capacity of 50 Gigawatt Hour of ACC and 5 GWh of niche ACC, he said. It will promote green growth and use local products like copper and bauxite to a large extent, he added.
Minister Prakash Javadekar told reporters after the Cabinet meeting.
The proposal aims to achieve a manufacturing capacity of 50 Gigawatt Hour of ACC and 5 GWh of niche ACC, he said.
It will promote green growth and use local products like copper and bauxite to a large extent, he added.
New Delhi, May 12 (PTI): The government on Wednesday approved the Production Linked Incentive (PLI) scheme for promoting battery storage at an estimated outlay of Rs 18,100 crore.
With the objective to promote the Make in India initiative, National Programme on Advanced Chemistry Cell (ACC) Battery Storage is expected to attract investment of Rs 45,000 crore, Information and Broadcasting Minister Prakash Javadekar told reporters after the Cabinet meeting.
Govt approves ₹18,100 crore PLI scheme for promoting ACC battery manufacturing
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AAA The government on Wednesday approved the Production Linked Incentive (PLI) scheme for promoting battery storage at an estimated outlay of ₹18,100 crore.
With the objective to promote the Make in India initiative, National Programme on Advanced Chemistry Cell (ACC) Battery Storage is expected to attract investment of ₹45,000 crore, Information and Broadcasting Minister Prakash Javadekar told reporters after the Cabinet meeting.
The proposal aims to achieve a manufacturing capacity of 50 Gigawatt Hour of ACC and 5 GWh of niche ACC, he said.
It will promote green growth and use local products like copper and bauxite to a large extent, he added.
Govt approves Rs 18,100 cr PLI scheme for promoting ACC battery manufacturing
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Last Updated: May 12, 2021, 04:16 PM IST
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The proposal aims to achieve a manufacturing capacity of 50 Gigawatt Hour of ACC and 5 GWh of niche ACC, Information and Broadcasting Minister Prakash Javadekar told reporters after Cabinet meeting today.
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It is expected to promote green growth and use local products like copper and bauxite
The government on Wednesday approved the Production Linked Incentive (PLI) scheme for promoting battery storage at an estimated outlay of Rs 18,100 crore.
With the objective to promote the Make in India initiative, National Programme on Advanced Chemistry Cell (ACC) Battery Storage is expected to attract investment of Rs 45,000 crore, Information and Broadcasting Minister Prakash Javadekar told reporters after the Cabinet meeting.
Cabinet approves Rs 18,100 crore PLI scheme for battery storage manufacturing ANI | Updated: May 12, 2021 19:25 IST
New Delhi [India], May 12 (ANI): The Union Cabinet on Wednesday approved the proposal of Department of Heavy Industry for implementation of Production Linked Incentive (PLI) Scheme National Programme on Advanced Chemistry Cell (ACC) Battery Storage for achieving manufacturing capacity of 50 Giga Watt Hour (GWh) of ACC and 5 GWh of niche ACC with an outlay of Rs 18,100 crore.
Briefing reporters on the cabinet decisions, Information and Broadcasting Minister Prakash Javadekar said that the decision will lead to direct investment of around Rs.45,000 crore in ACC Battery storage manufacturing projects.