
Reliance, Ola, Rajesh Exports to make batteries under ₹18,100 cr PLI scheme
A total of 10 bids were received from companies with manufacturing capacity of 128 gigawatt hours (GWh) under the battery PLI scheme.
A total of 10 bids were received from companies with manufacturing capacity of 128 gigawatt hours (GWh) under the battery PLI scheme.
The government has extended applications and increased PLI outlay after seeing the encouraging response for certain sectors, says ICRA.
These companies are expected to achieve production of about ₹26,880 crore of components of ACs and LED lights and create 5,522 direct jobs.
The union minister believes that supply, instead of demand, for EVs is the challenge in the Indian markets, and exhorts stakeholders to build a template in mobility for world to adopt
Specific products that will enjoy the benefits under the scheme have been identified, and the industry consultations are over.
This is a new version of the PLI scheme as it focuses on design.
India is not only focusing on easing the processes in its quest for self-reliance, it is also incentivising investment and production
Exports have also surpassed the pre-pandemic year. The ministry believes this indicates recovery
A lean, deleveraged private sector is looking for expansion, putting investments back on track.
19 firms bid for setting up solar equipment manufacturing units under the PLI scheme.