Ministry of Heavy Industries

India expands battery manufacturing with new PLI ACC agreement

The Ministry of Heavy Industries (MHI) signed a Programme Agreement on Tuesday with Reliance New Energy Battery Limited, a subsidiary of Reliance Industries Limited, under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC). The agreement grants Reliance New Energy Battery Limited a 10 GWh ACC manufacturing capacity, making it eligible for incentives under India's ₹18,100 crore PLI ACC scheme. The PLI ACC scheme was approved by the Cabinet in May 2021 with an outlay...

July 30, 2024 9:34 PM

Govt unveils Rs. 1.97 lakh crore PLI schemes to boost manufacturing and exports

The Indian government has reaffirmed its commitment to boosting domestic manufacturing and exports through its Production Linked Incentive (PLI) Schemes. Union Minister of State for Commerce and Industry, Jitin Prasada, provided details on the progress of these initiatives in a written reply to the Lok Sabha today. The PLI Schemes, designed to support India's vision of becoming 'Atmanirbhar' (self-reliant), cover 14 key sectors with a total outlay of Rs. 1.97 lakh crore (over US$26 billion). Th...