NITI Aayog's incentives for lithium-ion battery minerals processing
POWER & RENEWABLE ENERGY

NITI Aayog's incentives for lithium-ion battery minerals processing

NITI Aayog proposed offering incentives in the form of royalty and tax benefits, in addition to a production-linked incentive scheme, for the processing, refining, and recycling of critical minerals used in lithium-ion batteries. The aim was to encourage the manufacturing of essential battery components in India and enhance domestic value addition.

The Aayog emphasised that the policy should prioritise the expansion of lithium-ion battery (LIB) recycling infrastructure through production-linked incentives. This would complement the mining and extraction efforts for critical minerals, promoting environmentally sustainable waste management practices, reusing, and proper disposal. The Aayog conveyed this in its report titled 'Mine to Market: Critical Minerals Supply Chain for Domestic Value Addition in Lithium-Ion Battery Manufacturing.'

Furthermore, the Aayog suggested promoting research and development for earth-abundant alternatives to the critical minerals utilized in ACC batteries. It also aimed to support the commercialization of products through the lab-to-market process, provide assistance to startup incubators and technology industrialisation centres, and facilitate demonstration projects.

The Aayog believed that the thriving domestic lithium-ion battery (LIB) manufacturing industry would require robust supply chains for critical minerals and raw materials, including lithium (Li), nickel (Ni), cobalt (Co), and spherical graphite, necessary for producing key lithium-ion battery components and enhancing domestic value addition.

According to the Aayog's analysis, India's advanced chemistry cell manufacturing industry would need 193 thousand tonne per annum of cathode active material to produce 100 GWh per annum of batteries by the year 2030.

Also read: 
Indian Mineral Production records positive growth in April 2023
India surpasses China in Coal-based Steel Capacity


NITI Aayog proposed offering incentives in the form of royalty and tax benefits, in addition to a production-linked incentive scheme, for the processing, refining, and recycling of critical minerals used in lithium-ion batteries. The aim was to encourage the manufacturing of essential battery components in India and enhance domestic value addition. The Aayog emphasised that the policy should prioritise the expansion of lithium-ion battery (LIB) recycling infrastructure through production-linked incentives. This would complement the mining and extraction efforts for critical minerals, promoting environmentally sustainable waste management practices, reusing, and proper disposal. The Aayog conveyed this in its report titled 'Mine to Market: Critical Minerals Supply Chain for Domestic Value Addition in Lithium-Ion Battery Manufacturing.' Furthermore, the Aayog suggested promoting research and development for earth-abundant alternatives to the critical minerals utilized in ACC batteries. It also aimed to support the commercialization of products through the lab-to-market process, provide assistance to startup incubators and technology industrialisation centres, and facilitate demonstration projects. The Aayog believed that the thriving domestic lithium-ion battery (LIB) manufacturing industry would require robust supply chains for critical minerals and raw materials, including lithium (Li), nickel (Ni), cobalt (Co), and spherical graphite, necessary for producing key lithium-ion battery components and enhancing domestic value addition. According to the Aayog's analysis, India's advanced chemistry cell manufacturing industry would need 193 thousand tonne per annum of cathode active material to produce 100 GWh per annum of batteries by the year 2030. Also read:  Indian Mineral Production records positive growth in April 2023 India surpasses China in Coal-based Steel Capacity

Next Story
Infrastructure Urban

Biomass Burning Key Culprit Behind Kolkata’s Air Toxicity: Study

Kolkata, a city marked under India’s National Clean Air Programme (NCAP), continues to grapple with hazardous air despite national efforts, due to the unchecked burning of biomass and solid waste. A new study by the Bose Institute has revealed a sharp correlation between ultrafine particulate matter (PM2.5) and rising toxicity levels, identifying waste burning as a key contributor. The research, led by Prof. Abhijit Chatterjee and his team, studied the oxidative potential (OP) of PM2.5—referring to its capacity to produce reactive oxygen species (ROS) in human lungs. These ROS can overwhe..

Next Story
Infrastructure Transport

Rail Infra Boom in Maharashtra: Rs 1.74 Trillion Push for Better Trains

In a major press interaction held in Mumbai themed “Better Infrastructure, Better Technology, Better Trains,” Maharashtra Chief Minister Devendra Fadnavis and Union Minister of Railways Ashwini Vaishnaw jointly presented a comprehensive picture of the transformation underway in Maharashtra’s railway network—particularly the high-density Mumbai Suburban Railway. Better Infrastructure Union Minister Vaishnaw emphasized the importance of infrastructure in expanding suburban services. Rail projects worth nearly Rs 170 billion (approx. USD 2 billion) covering over 300 km of new lines are ..

Next Story
Infrastructure Urban

India’s First Creative Tech Institute Coming to Mumbai

In a major push to India’s creative economy, the Union Ministry of Information & Broadcasting today signed a Memorandum of Understanding (MoU) with the Government of Maharashtra, Maharashtra Film, Stage & Cultural Development Corporation Ltd. (MFSCDCL), and the Indian Institute of Creative Technologies (IICT) for the establishment of a world-class institute dedicated to the Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) sector. The MoU was exchanged in Mumbai between Chief Secretary of Maharashtra Ms. Sujata Saunik and Information & Broadcasting Secretary Shri San..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?