No firm claimed incentives under ACC battery PLI scheme despite Rs 5,180 crore investment
New Delhi, July 21 -- No beneficiary firm has claimed any incentive under the Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) Battery Storage, even as the scheme has attracted investments worth Rs 5,180 crore and generated 1,277 direct jobs, Minister of State for Heavy Industries Bhupathiraju Srinivasa Varma told the Lok Sabha in a written reply on Tuesday.
He said the PLI scheme for the National Programme on Advanced Chemistry Cell (ACC) Battery Storage, was approved in May 2021 with a budgetary outlay of Rs 18,100 crore to establish 50 GWh of domestic manufacturing capacity.
The government indicated that incentives have not been claimed because manufacturing capacity under the scheme is yet to be substantial...
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