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regular-article-logo Friday, 22 November 2024

Clarity on sops for chemical cell batteries

According to a notification of the department of heavy industries, incentives will not be offered to conventional battery pack segment of the industry

PTI New Delhi Published 22.06.21, 02:12 AM
Representational image.

Representational image. Shutterstock

The production-linked incentives to manufacture advanced chemistry cell batteries will be offered only to those firms that have been allocated the production capacity under the national programme on ACC battery storage through a transparent mechanism.

According to a notification of the department of heavy industries, the incentives will not be offered to conventional battery pack segment of the industry as such manufacturing activities are already happening in the country.

In May, the government approved the PLI scheme for manufacturing ACC (advanced chemistry cell) batteries at an estimated outlay of Rs 18,100 crore. ACCs are the new generation advanced energy storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required.

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