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Government reopens bids for 10 GWh battery cell PLI scheme
ECONOMY & POLICY

Government reopens bids for 10 GWh battery cell PLI scheme

27 Jan 2024 2 Min Read CW Team
In a strategic move to bolster the domestic manufacturing of advanced battery cells, the Indian government has decided to retender its ambitious Production Linked Incentive (PLI) scheme targeting 10 gigawatt-hours (GWh) of battery cell production. The decision comes as part of India's broader push towards self-reliance in the renewable energy sector.

The PLI scheme, initially introduced to attract investments and promote indigenous manufacturing of batteries for electric vehicles and renewable energy storage, faced initial setbacks with the first round of bids. To address concerns and ensure the success of the program, the government has opted for a retendering process.

This development signifies the government's commitment to creating a robust ecosystem for battery manufacturing within the country, aligning with its larger green energy objectives. The retendering is expected to attract a wider range of participants, including both domestic and international players, fostering competition and innovation.

Key players in the battery industry are closely watching this move, anticipating a surge in interest and investments. The retendering process opens up new opportunities for manufacturers to contribute to India's growing energy storage needs while benefitting from the PLI incentives.

The decision to reopen bids for the 10 GWh battery cell PLI scheme showcases the government's agility in adapting policies to meet the evolving needs of the renewable energy sector. This initiative also underscores the significance of public-private partnerships in achieving India's ambitious renewable energy targets.

In conclusion, the retendering of the 10 GWh battery cell PLI scheme marks a pivotal moment in India's pursuit of energy independence and reinforces its commitment to fostering a vibrant and competitive battery manufacturing landscape.

In a strategic move to bolster the domestic manufacturing of advanced battery cells, the Indian government has decided to retender its ambitious Production Linked Incentive (PLI) scheme targeting 10 gigawatt-hours (GWh) of battery cell production. The decision comes as part of India's broader push towards self-reliance in the renewable energy sector. The PLI scheme, initially introduced to attract investments and promote indigenous manufacturing of batteries for electric vehicles and renewable energy storage, faced initial setbacks with the first round of bids. To address concerns and ensure the success of the program, the government has opted for a retendering process. This development signifies the government's commitment to creating a robust ecosystem for battery manufacturing within the country, aligning with its larger green energy objectives. The retendering is expected to attract a wider range of participants, including both domestic and international players, fostering competition and innovation. Key players in the battery industry are closely watching this move, anticipating a surge in interest and investments. The retendering process opens up new opportunities for manufacturers to contribute to India's growing energy storage needs while benefitting from the PLI incentives. The decision to reopen bids for the 10 GWh battery cell PLI scheme showcases the government's agility in adapting policies to meet the evolving needs of the renewable energy sector. This initiative also underscores the significance of public-private partnerships in achieving India's ambitious renewable energy targets. In conclusion, the retendering of the 10 GWh battery cell PLI scheme marks a pivotal moment in India's pursuit of energy independence and reinforces its commitment to fostering a vibrant and competitive battery manufacturing landscape.

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