Govt notifies Rs 18,100 cr-PLI scheme to promote ACC battery making

Production linked incentives for manufacturing advanced chemistry cell batteries will be offered only to those firms that have been allocated the production capacity under the national programme on ACC battery storage through a transparent mechanism.

According to a notification issued by the Department of Heavy Industry, the incentives will not be offered to conventional battery pack segment of the industry as such manufacturing activities are already happening in the country.

In May, the government approved the PLI (Production Linked Incentives) scheme for manufacturing ACC (Advanced Chemistry Cell) batteries at an estimated outlay of Rs 18,100 crore.