{"id":414913,"date":"2021-05-13T16:39:14","date_gmt":"2021-05-13T11:09:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=414913"},"modified":"2021-05-13T16:39:14","modified_gmt":"2021-05-13T11:09:14","slug":"cabinet-approves-production-linked-incentives-for-battery-storage","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cabinet-approves-production-linked-incentives-for-battery-storage\/","title":{"rendered":"Cabinet approves production-linked incentives for battery storage"},"content":{"rendered":"<p>The Union Cabinet has approved the production-linked incentives for advanced chemistry cell or battery storage, Union Minister Prakash Javadekar informed on Wednesday.<\/p>\n<p>&#8220;To make the country Aatmanirbhar, the cabinet has approved a production-linked incentive for advanced chemistry cell or battery storage in the cabinet meeting which took place today,&#8221; Javadekar told reporters here.<\/p>\n<p>&#8220;Currently, we import battery storage equipment worth Rs 20,000 crores. The approval of the production-linked incentives will not only reduce the import dependency but also give a big push to the electrical mobility,&#8221; he said.<\/p>\n<p>The Union Minister further said that battery storage can be a substitute for diesel generators.<\/p>\n<p>&#8220;The cabinet has approved Rs 18,100 crore for production-linked incentives. An investment of Rs 45,000 crore is expected from the national program on advanced Chemical Cell Battery Storage,&#8221; Javadekar said.<\/p>\n<p>He further said that India has an ample amount of copper and bauxite, which are the raw materials for battery storage. &#8220;This will reduce the import of the fuel in coming years,&#8221; he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union Cabinet has approved the production-linked incentives for advanced chemistry cell or battery storage, Union Minister Prakash Javadekar informed on Wednesday. &#8220;To make the country Aatmanirbhar, the cabinet has approved a production-linked incentive for advanced chemistry cell or battery storage in the cabinet meeting which took place today,&#8221; Javadekar told reporters here. &#8220;Currently, we import battery storage equipment worth Rs 20,000 crores. The approval of the production-linked incentives will not only reduce the import dependency but also give a big push to the electrical mobility,&#8221; he said. The Union Minister further said that battery storage can be a substitute [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-414913","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=414913"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414913\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=414913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=414913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=414913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}