The government plans to offer production-linked sops worth around $500 million to develop ‘niche’ batteries to achieve climate goals and cut reliance on fossil fuel imports.
A new PLI is coming on niche advanced chemistry cell, unlike other PLI schemes where the focus is on manufacturing, this scheme is likely to provide sops for research and development of newer chemistries, along with production.
The search for new technologies and battery chemistry comes against the backdrop of an acute shortage of lithium in India.
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