Advanced Chemistry Cell (ACC)
- Union cabinet approved Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery
- Information and Broadcasting Minister Prakash Javadekar gave the details in a media briefing on May 12, 2021.
- The main aim of this scheme is to Boost Domestic
- Thereby more employment opportunities will be
- It aims at making India globally
- It aims a manufacturing 50-Gigawatt hour of ACC and 5- Gigawatt hour of Niche
- Total outlay approved for the scheme is 18,000 Cr.
- This is a crucial step towards Aatmanirbhar Bharat and it empowers the same
Scheme Overview:
| Scheme name: | Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage |
| Scheme Under: | Central Government |
| Approval Date: | May 12, 2021 |
| Beneficiaries: | Manufacturers of batteries |
| Major Objective: | To boost domestic production making India globally competitive thereby generating huge employment opportunities |
Scheme Details:
- Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) Battery Storage is approved by the Union cabinet
- Scheme details were provided by Information and Broadcasting Minister Prakash
Javadekar
- The nodal ministry of Department of Heavy Industries proposed a programmed for ACC battery storage to achieve a manufacturing capacity and the proposal was approved by the union cabinet
- This scheme focuses to boost the domestic production of ACCs and Batteries thereby curbing the imports
- It also tends to promote Electric Vehicle (EV) adoption
- It aims at manufacturing 50-Gigawatt hour of ACC and 5-Gigawatt hour of Niche
- Under this scheme, every manufacturer will set up an ACC production facility of a minimum 5-Gigawatt capacity
Scheme Details:
- Minimum addition of 60% domestic value addition at the project level within 5 years is required
- This domestic production of ACCs will lead to net savings of 2 to
2.5 lakh Cr. due to reduction in oil import bills
- Electric vehicle adoption will also get a boost
- This scheme will tend to reduce the dependency of the country for ACCs
- Under this scheme the solar capacity addition will increase
- Direct investment of 45,000 Cr. is expected by the government
- Total outlay approved for the scheme is 18,000 Cr.
- PLI scheme is a vital step towards Aatmanirbhar Bharat and Make in India mission
