Government Retenders 10 GWh Battery Cell PLI

30 Jan 2024 CW Team

The Indian government has decided to retender the production-linked incentive (PLI) scheme for the manufacturing of 10 gigawatt-hours (GWh) of battery cells. This move comes as part of the government's ongoing efforts to boost domestic manufacturing in the electric vehicle and renewable energy sectors.

The decision to retender the PLI scheme is aimed at attracting manufacturers and investors to participate in the production of advanced battery cells. The 10 GWh target aligns with India's push towards self-reliance in clean energy technologies, particularly in the rapidly growing electric vehicle market.

The reopening of tenders is expected to generate increased interest from both domestic and international companies looking to establish or expand their presence in the Indian battery manufacturing space. It presents an opportunity for manufacturers to contribute to the country's ambitious goals of increasing the adoption of electric vehicles and achieving a more sustainable and energy-efficient transportation sector.

This strategic move reflects the government's commitment to creating a conducive environment for the development of a robust and competitive battery manufacturing ecosystem in India. The retendering process aims to attract high-quality investments and promote the growth of a self-sufficient battery industry, supporting India's broader objectives in the renewable energy and electric mobility sectors.

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