Govt approves 18,100 crore PLI scheme for promoting ACC battery manufacturing

PUBLISHED ON MAY 12, 2021 05:47 PM IST
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  • The union government approved 18,100 crore PLI scheme for promoting ACC battery manufacturing. Union minister Prakash Javadekar made the announcement following a Cabinet meeting. He said that the National Programme on ACC Battery Storage is expected to attract 45,000 crore investment. “ 18,100 crore PLI scheme approved for promoting ACC battery manufacturing. This will help production of 50 Gigawatt Hour of ACC battery storage. We expect an investment of 45,000 crore, both foreign & domestic. The move will eventually reflect our climate-friendly green growth path,” he said.

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