Union Cabinet approves Production-Linked Incentive Scheme for Advanced Chemistry Cell Battery Storage
The Union Cabinet has approved the Production-Linked Incentive Scheme for the Advanced Chemistry Cell (ACC) Battery Storage with an outlay of 18 thousand 100 crore rupees.
The move aims to achieve a manufacturing capacity of 50 GigaWatt Hour of ACC and five Giga Watt Hour of Niche ACC with an outlay of 18 thousand 100 crore rupees.
It will also give a big push to electric mobility, benefiting three-wheelers, four-wheelers and heavy vehicles. He said, India is currently importing Battery Storage Equipment worth 20 thousand crore rupees and the scheme will be helpful in making the country self-reliant (Atmanirbhar).