Finally, India enters race for Giga factories with ACC Battery PLI scheme
With cabinet approval of Rs. 18,000 Crore for PLI ACC scheme, India looks forward to having its own Giga factories of advanced chemistry cell battery manufacturing. Dr Rahul Walawalkar, President & MD, IESA shares more details on PLI scheme, what is expected from the industry participants, important criteria for selection of companies, how technology partnerships can be done, how money is going to be allocated over 5 years, how Indian companies can do value addition and how R&D will be important part of the journey. He also talks about supply chain for manufacturing, demand forecast, application areas, demand creation as well as recycle & reuse of critical material over time.