Cabinet approves PLI Scheme to 10 key Sectors for Enhancing

The Union Cabinet gave approval to introduce the Production-Linked Incentive (PLI) Scheme in the 10 key sectors for Enhancing India’s Manufacturing Capabilities and Enhancing Exports – Atmanirbhar Bharat.

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The move aims to achieve a manufacturing capacity of 50 GigaWatt Hour of ACC and five Giga Watt Hour of Niche ACC with an outlay of 18,100 crore.

ACCs are the new generation of advanced storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required.

It will also give a big push to electric mobility, benefiting three-wheelers, four-wheelers and heavy vehicles.

India is currently importing Battery Storage Equipment worth 20 thousand crore rupees and the scheme will be helpful in making the country self-reliant (Atmanirbhar).