PLI Scheme For 'National Programme On Advanced Chemistry Cell (ACC) Battery Storage

online current affairs test

  • The Cabinet has approved the proposal of Department of Heavy Industry for implementation of the Production Linked Incentive (PLI) Scheme 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for achieving manufacturing capacity of Fifty (50) GigaWatt Hour (GWh) of ACC and 5 GWh of "Niche" ACC.
  • It is a ₹18,100 crore production-linked incentive (PLI) scheme for building Tesla-style giga factories to manufacture batteries.
  • The plan is to set up 50 gigawatt hour (GWh) manufacturing capacity for advanced chemistry cell batteries by attracting investments totaling ₹45,000 crore.
  • As part of the scheme, each selected ACC battery storage manufacturer would have to commit to set up an ACC manufacturing facility of minimum 5GWh capacity and ensure a minimum 60% domestic value addition at the project level within five years..
  • The National Programme on Advanced Chemistry Cell (ACC) Battery Storage will reduce import dependence.
  • It will also support the Atmanirbhar Bharat initiative. ACC battery Storage manufacturers will be selected through a transparent competitive bidding process.


Source : PIB

Post a Comment
Please enter your name
Please enter your email
Please write your comments

Related Articles

Competitive exams Preparation
Smart Kitchen Project

The Kerala government has announced the introduction of a Smart Kitchen project, which is meant to modernise kitchens and ease the difficulty faced by homemakers in household chores.

UPSC Syllabus
Sub Categories Under MGNREGA

The Union Finance Ministry has asked the States to split wage payments under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme into separate categories

UPSC Syllabus
The Draft Cinematograph (Amendment) Bill 2021

The draft was recently released by the Centre. It seeks to amend the Cinematograph Act of 1952.

online mock test for UPSC
Indemnity Clause And Covid Pandemic

Amid an acute vaccine crisis in the country, India is expected to grant indemnity to foreign vaccine makers including Pfizer and Moderna which would make it easier for their Covid vaccines to come to India.

IAS Learning App
Performance Grading Index (PGI) 2019-20

The Government has introduced the Performance Grading Index with a set of 70 parameters to catalyse transformational change in the field of school education.

Best UPSC learning App
SUPACE

The system -- SUPACE which is short for Supreme Court Portal for Assistance in Courts Efficiency -- was inaugurated by the CJI in an event held virtually and attended by judges from several High Courts of the country

learning Radius App

Embrace the smartest way of learning with us

Best learning app for your UPSC civil services, Kerala Administrative Services and other exams from India’s Upmost Educators.

Best online Coaching for IAS