According to the Press Information Bureau of India, the Ministry of Heavy Industries of India announced the re-bidding of the Production Linked Incentive (PLI) schemes for advanced chemistry cells of 10GWh with a budget outlay of INR36.2 billion (US$435.65 million), encouraging manufacturers to set up facilities as part of India's efforts to promote green mobility and renewable energy.
According to CNBCTV18, a pre-bid conference is scheduled to be held on February 12 to address potential queries and provide additional clarity, and aspirant applicants can submit their proposals by April 23.
In May 2021, the Indian government launched the INR181 billion (US$2.18 billion) PLI scheme, looking to provide incentives to build a capacity of advanced chemistry cells of 50GWh. In the first round of the PLI bidding, which concluded in March 2022, Ola Electric, Reliance New Energy, and Rajesh Exports were approved under the scheme and allocated a combined capacity of 30GWh, leaving a capacity of 20GWh unallocated.
The PLI scheme aims to strengthen the electric mobility and battery storage ecosystem in India by encouraging manufacturers to set up giga-scale manufacturing facilities for advanced battery cells, such as lithium-ion sodium-ion cells. Besides the PLI scheme for advanced battery cells, India also introduced the PLI scheme for clean automobile and auto components and the second version of Faster Adoption and Manufacturing of Electric Vehicles (FAME II) to accompany green mobility and storage efforts as India targets net-zero emission by 2070
Source: Ministry of Commerce of India, January 2024
