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Scheme to push battery part production
Mint Mumbai
|January 16, 2025
The scheme will propose the same stringent localization criteria as previous ones like the PLI-Auto
The ministry of heavy industries (MHI) is preparing a concept note to garner support for a scheme to promote domestic manufacturing of battery components, MHI joint secretary Vijay Mittal said.
"The ministry is currently developing a concept note aimed at bringing policymakers together to agree on specific schemes that will support the manufacturing of components. This support will involve financial systems, policy regulations, and ease of doing business," he told the India Battery Manufacturing and Supply Chain Summit 2025 on Wednesday.
The scheme will propose the same stringent localization criteria as previous incentive schemes such as the production-linked incentives for automobiles and auto components (PLI-Auto), he added.
This story is from the January 16, 2025 edition of Mint Mumbai.
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