India needs investments worth Rs 33,750 crore ($4.5 billion) to achieve the government PLI target of setting up 50 GWh of lithium-ion cell and battery manufacturing plants, according to an independent study released today by the Council on Energy, Environment and Water (CEEW).
The country requires up to 903 GWh of energy storage to decarbonise its mobility and power sectors by 2030, and lithium-ion batteries will meet the majority of this demand. Earlier this month, the government announced that it had established Lithium inferred resources of 5.9 million tonnes in the Reasi district of Jammu and Kashmir.
