Power and New & Renewable Energy Minister R K Singh has promised the battery manufacturing all the support from the government. There will be an evolution of a new ecosystem for investments. Singh held a meeting for the same with the battery manufacturers. Taking in account the future demands as a result of government policies promoting Electric vehicles in leaps and bounds, it makes sense for the battery manufacturers to set up their units in India.
With the next step to promote solar and wind hybrid coupled systems in future the demand for batteries will increase multiple folds. Currently, the tenders for procuring e-vehicles have already been issued to pump the battery demand already.
To ensure proper supply of raw materials for the manufacturing of batteries the government has already initiated talks with the resource rich countries that can supply the material like Bolivia. The bottle necks come in the form of high GST rates on the batteries that impedes the profitability factor. The industry representatives are requesting for a favorable fiscal regime. A need to create an adaptability for a facility to recycle the batteries in India.
Renewable Energy Secretary Anand Kumar was among the dignitaries present at the meeting which saw participation from major battery & electric vehicles manufacturers, ISRO, MEITY, Niti Aayog and MNRE (Ministry of New and Renwable Energy).
The government is pushing to promote Make in India by giving preferential treatment to the Indian made batteries. A new set of standards is also needed for stationary and mobile sectors. A testing facility is also planned to be set up for both the sectors.
To bolster the technical know how the government has urged Department of Space and ISRO to share relevant technologies with the Industry.
Source: Energy World
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