Business Standard

India mulls Rs 20,000-cr aid to manufacture grid-scale batteries

Worried over rival China's dominance in lithium, the nation is in talks with countries including Australia to secure supplies of the battery metal, he said

Power grid, discom
Premium

Photo: Bloomberg

Rajesh Kumar Singh | Bloomberg
India’s power ministry is proposing a nearly $2.5 billion incentive plan to encourage domestic manufacturing of grid-scale batteries, aiming at bringing down the cost of energy storage to speed up its energy transition.
 
There are early-stage discussions in the government about offering incentives to manufacturers for batteries they produce over a certain time period, power minister Raj Kumar Singh said in an interview last week. The total payout could be in the realm of 200 billion rupees, he said. 

Worried over rival China’s dominance in lithium, the nation is in talks with countries including Australia to secure supplies of the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 27 2022 | 7:09 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com