Open Webinar on India’s National Program for Advanced Cell Chemistry (ACC) Battery Storage Manufacturing under PLI Scheme
About the Event
The Government of India through the Department of Heavy Industry (DHI) intends to develop giga-scale advance cell manufacturing for domestic application and promotion of diverse energy sources, to ensure overall energy security for the nation in the long run. It has launched the National Programme on Advance Chemistry Cell Battery Storage. To achieve this, NITI Aayog, on behalf of the Government, has issued the draft Request for Proposal (RfP) documents for selection of private entities to set-up manufacturing facilities that produce Advance Chemistry Cells (ACC). India Energy Storage Alliance (IESA) closely work with various government bodies to support the industry to make India as a global hub for manufacturing and adoption of energy storage & electric mobility technologies.
With the view to bolster the manufacturing capabilities of the country and enhance exports, the Union Cabinet today approved production-linked incentives (PLI) in 10 key sectors including Advanced Chemistry Cell (ACC) battery, under the Atmanirbhar Bharat vision. ACC battery has been approved a financial outlay of INR 18,100 crores. Automobiles and auto components have been approved INR 57,042 crores.
“The PLI scheme will be implemented by the concerned ministries/departments and will be within the overall financial limits prescribed. The final proposals of PLI for individual sectors will be appraised by the Expenditure Finance Committee (EFC) and approved by the Cabinet,” the official statement said.
The PLI scheme for the ACC battery sector is expected to incentivize 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 globalization of the automotive sector through the latest incentives. In this webinar Industry experts and government representatives will share & discuss the details about the program, application procedure, eligibility criteria and incentive details.
Webinar Registration Link: https://attendee.gotowebinar.com/register/1059438138400726540