By navigating our site, you agree to allow us to use cookies, in accordance with our Privacy Policy.

IESA Welcomes Cabinet’s Approval on PLI Scheme

India Energy Storage Alliance (IESA) has welcomed the Union Cabinet’s approval on 11th Nov’2020 to introduce the Production-Linked Incentive (PLI) Scheme in the following 10 key sectors for Enhancing India’s Manufacturing Capabilities and Enhancing Exports – Atma Nirbhar Bharat.

IESAWelcoming the cabinet decision, Rahul Walawalkar, President, India Energy Storage Alliance (IESA) says, “This is an extraordinary move by the government and is a result of 4+ years of industry push led by IESA and other stakeholders. This national program holds immense importance as it is going to accelerate the Atma Nirbhar Abhiyan in domestic manufacturing, helping India to enter the global value chain for advanced energy storage technologies. We are thankful to Amitabh Kant and NITI Aayog team for their leadership along with contributions from the Department of Science and Technology (DST), Department of Heavy Industries (DHI), Ministry of New & Renewable Energy (MNRE), and the Ministry of Electronics and Information Technology (MeitY) in shaping this program,” Walawalkar added.

“Since May 2019, IESA has been in constant communication with the NITI Aayog and other ministries/departments on the launch of the Mission,” IESA said in its official statement.

The 10 key sectors have received a total financial outlay of INR 1, 45,980 crore over five years, of which, Advanced Chemistry Cell (ACC) battery has been approved a financial outlay of INR 18,100 crores. Automobiles and auto components have been approved INR 57,042 crores.

NITI Aayog and Department of Heavy Industries will be the implementing agency for this scheme. ACC battery manufacturing represents one of the largest economic opportunities of the twenty-first century for several global growth sectors, such as consumer electronics, electric vehicles, and renewable energy.

In July this year, IESA wrote a letter to the PMO requesting to expedite the launch of the Advanced Chemistry Cell – Gigafactory Manufacturing Plan. In September this year, with the view to further accelerate their efforts, IESA banded with industry associations like Indian Electrical & Electronics Manufacturers’ Association (IEEMA), India Smart Grid Forum (ISGF), ELCINA, and Maharaja Agrasen Institute of Technology (MAIT) and submitted inputs urging the ministry to take the necessary steps for promoting Advanced Battery Manufacturing in India.

Tags

Aishwarya Saxena

A book geek, with creative mind, an electronics degree, and zealous for writing.Creativity is the one thing in her opinion which drove her to enter into editing field. Allured towards south Indian cuisine and culture, love to discover new cultures and their customs. Relishes in discovering new music genres.

Related Articles