Indian Government Plans Multibillion-Dollar Subsidy for Grid Battery Producers

  • The Indian government is reportedly preparing a $2.63 billion production-linked incentive subsidy scheme for companies manufacturing electricity grid batteries, as part of its clean energy transition.
  • The initiative aims to encourage domestic battery cell production to lessen India’s dependence on China for battery imports.
  • According to the proposal, a lack of local manufacturing could lead to a significant increase in imports from China due to energy transition necessities.
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