India's ACC Battery Sector to Attract $9 Billion in 5 Years

09 Sep 2024 CW Team

India's advanced chemistry cell (ACC) battery manufacturing industry is expected to attract a cumulative investment of $9 billion (INR 7.5 lakh crore) over the next five years, according to the India Energy Storage Alliance (IESA). This growth is projected to generate 50,000 direct jobs during the same period.

In response to IESA's call for policy parity between ACC-PLI bid winners and non-PLI companies, the government has introduced a 6-month, multiple-entry business visa for foreign experts. This visa will facilitate the installation and commissioning of ACC factories by foreign specialists, enhancing the sector's capacity and development.

Debi Prasad Dash, President of IESA, praised the decision, predicting that it will enable the establishment of over 100 GWh of ACC battery and components factories across India in the next five years. This move is expected to reduce India?s dependence on imports, particularly from China, and curb foreign exchange losses linked to ACC imports.

As India aims to become a global hub for electric vehicle (EV) manufacturing, building a robust domestic supply chain for ACC batteries and components is essential. Currently, ACC battery production, which accounts for about 50% of an EV?s cost, is still in its early stages in India.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..