Skip to content

Lithium Gigafactories

Li-ion Gigafactories: Niti Aayog seeks cabinet nod for Rs 7 billion annual subsidy proposal

Already approved by the finance ministry, the proposal aims to woo investors into setting up manufacturing units in India and lower battery costs with indigenization of technology. An aggregate manufacturing capacity of 50 GWh is planned to be set up over a period of 10 years, which would require investments worth Rs 355 billion.

2

Lithium gigafactory target is raised to 50 GW, tender likely soon

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.

1

This website uses cookies to anonymously count visitor numbers. To find out more, please see our Data Protection Policy.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close