Central government plans battery manufacturing capacity of 40 GW

The central government is planning to set up a battery manufacturing capacity of 40 GW in the country to provide an impetus to electric vehicles and renewable energy. As part of the proposed initiative, domestic and global battery makers will bid for setting up plants in selected states. It is proposed that internationally competitive facilities will be set up to cater to both domestic and overseas demand. The proposal is expected to entail investments of $40 billion over the next two to three years. It is part of the National Mission on Transformative Mobility and Battery Storage, which was approved by the cabinet in March 2019. This involves a phased manufacturing roadmap to implement large-scale battery module and pack assembly plants by 2019-20, and an integrated cell manufacturing capacity by 2021-22.

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