Li-ion

In news that will add urgency to Indian government efforts to establish a domestic storage industry, funding has apparently been secured for 16 GWh-plus production lines in Sweden and Germany. Is India at risk of being left in the starting blocks?

The government is considering financial incentives such as import and export duty waivers to woo battery manufacturers to set up a globally competitive manufacturing base in India.

Following the Indian government’s 40 GW plan for the states, Telangana has pitched for setting up a 5 GW lithium ion plant by announcing the ready availability of 200 acres of land and power and water for the fab at a concessional rate.