{"id":248129,"date":"2021-05-12T20:29:27","date_gmt":"2021-05-12T14:59:27","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=248129"},"modified":"2021-05-12T20:29:27","modified_gmt":"2021-05-12T14:59:27","slug":"pli-scheme-national-programme-on-advanced-chemistry-cell-battery-storage-receives-approval-by-the-cabinet","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/05\/12\/pli-scheme-national-programme-on-advanced-chemistry-cell-battery-storage-receives-approval-by-the-cabinet\/","title":{"rendered":"PLI Scheme \u201cNational Programme on Advanced Chemistry Cell Battery Storage\u201d receives approval by the Cabinet"},"content":{"rendered":"<p style=\"text-align: justify;\">On May 12, 2021, the Union Cabinet has approved the proposal for implementation of the INR 18,100 Crore &#8211; Production Linked Incentive (PLI) Scheme, \u201cNational Programme on Advanced Chemistry Cell (ACC) Battery Storage\u201d. The Scheme is aimed for achieving manufacturing capacity of 50 GWh of ACC and 5 GWh of &#8220;Niche&#8221; ACC.<\/p>\n<p style=\"text-align: justify;\">The <a href=\"https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=1717943\">Press Release dated May 12, 2021<\/a> has stated that ACCs are the new generation of advanced storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required.<\/p>\n<p style=\"text-align: justify;\">At present, the demand of the ACCs is being met through imports in India. The National Programme on Advanced Chemistry Cell (ACC) Battery Storage seeks to reduce import dependence. It shall further strengthen the Atmanirbhar Bharat initiative. The ACC battery Storage manufacturers will be selected through a transparent competitive bidding process. Thereafter, the manufacturing facility would have to be commissioned within a period of two years. The incentive shall be disbursed thereafter over a period of five years.<\/p>\n<p style=\"text-align: justify;\">The Press Release has further added that each selected ACC battery Storage manufacturer would have to commit to set-up an ACC manufacturing facility of minimum five (5) GWh capacity and ensure a minimum 60% domestic value addition at the Project level within five years. Furthermore, the beneficiary firms will have to achieve a domestic value addition of atleast 25% and incur the mandatory investment Rs 225 crore \/GWh within 2 Years (at the Mother Unit Level) and raise it to 60% domestic value addition within 5 Years, either at Mother Unit, in-case of an Integrated Unit, or at the Project Level, in-case of \u201cHub &amp; Spoke&#8221; structure.<\/p>\n<p style=\"text-align: justify;\">Following benefits are expected by the Scheme as per the press release:<\/p>\n<ul>\n<li style=\"text-align: justify;\">Setup a cumulative 50 GWh of ACC manufacturing facilities in India under the Programme.<\/li>\n<li style=\"text-align: justify;\">Direct investment of around Rs.45,000 crore in ACC Battery storage manufacturing projects.<\/li>\n<li style=\"text-align: justify;\">Facilitate demand creation for battery storage in India.<\/li>\n<li style=\"text-align: justify;\">Facilitate Make-ln-lndia: Greater emphasis upon domestic value-capture and therefore reduction in import dependence.<\/li>\n<li style=\"text-align: justify;\">Net savings of Indian Rs. 2,00,000 crore to Rs.2,50,000 crore on account of oil import bill reduction during the period of this Programme due to EV adoption as ACCs manufactured under the Programme is expected to accelerate EV adoption.<\/li>\n<li style=\"text-align: justify;\">The manufacturing of ACCs will facilitate demand for EVs, which are proven to be significantly less polluting. As India pursues an ambitious renewable energy agenda, the ACC program will be a key contributing factor to reduce India&#8217;s Green House Gas (GHG) emissions which will be in line with India&#8217;s commitment to combat climate change.<\/li>\n<li style=\"text-align: justify;\">Import substitution of around Rs.20,000 crore every year.<\/li>\n<li style=\"text-align: justify;\">Impetus to Research &amp; Development to achieve higher specific energy density and cycles in ACC.<\/li>\n<li style=\"text-align: justify;\">Promote newer and niche cell technologies.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #008000;\">Tanvi Singh, Editorial Assistant has put this story together.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 12, 2021, the Union Cabinet has approved the proposal for implementation of the INR 18,100 Crore &#8211; Production Linked Incentive <\/p>\n","protected":false},"author":121,"featured_media":26751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[],"class_list":["post-248129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot_off_the_press","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PLI Scheme \u201cNational Programme on Advanced Chemistry Cell Battery Storage\u201d receives approval by the Cabinet | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Industries on the National Programme on ACC Battery Storage","author":"Bhumika Indulia","date":"March 26, 2022","format":false,"excerpt":"Khaitan & Co advised the Ministry of Heavy Industries and NITI Aayog on the National Programme for Selection of Manufacturers for Setting Up Manufacturing Capacities for Advance Chemistry Cell (ACC) under the Production Linked Incentive (PLI) Scheme. The manufacturing facility would have to be set up within a period of\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-104-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-104-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-104-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-104-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/03\/MicrosoftTeams-image-104-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":246719,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/08\/union-cabinet-approves-production-linked-incentive-pli-scheme-national-programme-on-high-efficiency-solar-pv-modules\/","url_meta":{"origin":248129,"position":1},"title":"Union Cabinet approves Production Linked Incentive (PLI) Scheme &#8216;National Programme on High Efficiency Solar PV Modules&#8217;","author":"Prachi Bhardwaj","date":"April 8, 2021","format":false,"excerpt":"The Press Release dated 07.04.2021 states that the Union Cabinet has approved the Ministry of New & Renewable Energy's proposal for implementation of the Production Linked Incentive (PLI) Scheme 'National Programme on High Efficiency Solar PV (Photo Voltic) Modules' for achieving manufacturing capacity of Giga Watt (GW) scale in high\u2026","rel":"","context":"In &quot;Cabinet Decisions&quot;","block_context":{"text":"Cabinet Decisions","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/cabinet_decisions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":251897,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/29\/cabinet-approves-pli-scheme-for-specialty-steel-incentives-worth-inr-6322-crores\/","url_meta":{"origin":248129,"position":2},"title":"Cabinet approves PLI Scheme for Specialty Steel, incentives worth INR 6,322 crores","author":"Prachi Bhardwaj","date":"July 29, 2021","format":false,"excerpt":"The Union Cabinet has approved the PLI Scheme for Specialty Steel on July 22, 2021. \u00a0 The key takeaways are as follows: Duration of the scheme would be 5 years commencing from FY 2023-2024 to FY 2027-2028. Products are covered under 5 categories -- Coated\/Plated Steel Products, High Strength\/Wear resistant\u2026","rel":"","context":"In &quot;Cabinet Decisions&quot;","block_context":{"text":"Cabinet Decisions","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/cabinet_decisions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":246806,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/09\/union-cabinet-approves-production-linked-incentive-pli-scheme-for-white-goods-air-conditioners-and-led-lights\/","url_meta":{"origin":248129,"position":3},"title":"Union Cabinet approves Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights)","author":"Prachi Bhardwaj","date":"April 9, 2021","format":false,"excerpt":"As per the Press Release dated 07.04.2021, the Union Cabinet has approved the approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) with a budgetary expenditure of Rs. 6,238 crore. Key features of the Scheme are- Incentives worth Rs. 6,238 Crore to be provided\u2026","rel":"","context":"In &quot;Cabinet Decisions&quot;","block_context":{"text":"Cabinet Decisions","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/cabinet_decisions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/11\/Press-Information-Bureau.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":245466,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/12\/india-cabinet-approves-pli-scheme-for-pharmaceuticals\/","url_meta":{"origin":248129,"position":4},"title":"India | Cabinet approves PLI Scheme for Pharmaceuticals","author":"Prachi Bhardwaj","date":"March 12, 2021","format":false,"excerpt":"The Ministry of Chemicals and Fertilizers have notified Production Linked Incentive Scheme (PLI) for Pharmaceuticals on 3rd March, 2021[1]. Indian pharmaceutical industry is the 3rd largest in the world by volume and is USD 40 billion in terms of value. The country contributes 3.5% of total drugs and medicines exported\u2026","rel":"","context":"In &quot;Cabinet Decisions&quot;","block_context":{"text":"Cabinet Decisions","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/cabinet_decisions\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-4.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-4.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-4.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-4.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-4.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":254063,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/09\/10\/government-approves-inr-10-683-crore-pli-scheme-for-textiles\/","url_meta":{"origin":248129,"position":5},"title":"Government approves INR 10, 683 Crore PLI Scheme for Textiles","author":"Bhumika Indulia","date":"September 10, 2021","format":false,"excerpt":"On September 8, 2021, the Ministry of Textile has approved Production Linked Incentive Scheme for Textile for MMF Apparel, MMF Fabrics and 10 segments or products of Technical Textiles, approved for INR 10,683 Crore. The Scheme shall promote production of high value MMF Fabric, Garments and Technical Textiles in India.\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Parliament_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/248129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/121"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=248129"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/248129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/26751"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=248129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=248129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=248129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}