India's forthcoming battery manufacture subsidy scheme to encourage India

India is about to complete the battery of direct subsidy scheme, to start the clean energy transformation. It will invite global player in December, according to the plan & other; Throughout India manufacturing &; Tender, in addition to 10 years of subsidies and welfare, will also provide a series of stimulus measures, such as depreciation and key input zero import tariffs.

according to India's economic times newspaper quoted a government official said, & other; India is studying a series of incentives to manufacturers in the construction of infrastructure. Now, the finance committee is also examining subsidy scheme, will soon be formally submitted for examination and approval of the cabinet. ”

the government's goal is to subsidies every year up to 50 gigawatts of battery capacity. Subsidies cost an estimated 7 billion rupees every year. Lithium, the zero tariffs on imports of iron and cobalt will provide power for advanced battery chemistry, to replace the traditional lead batteries. The plan aims to make the country in a new era of electric vehicle batteries and mobile phones and other consumer electronic products be self-sufficient, thereby significantly reducing imported products.

1000 megawatts of power battery capacity for 100000 families for an hour, also the equivalent of about 30000 electric car demand. Conservative estimates that by 2030, India needs to 600 gigawatts.

in particular, pointed out that subsidies will be pegged to the commitment of manufacturing force and the degree of localization. Once the contract is awarded, the company is expected to start operations before 2022, and in 2025, before gradually expanded to its capacity of all commitments. The government is considering the project subject to tender a minimum manufacturing capacity for each 5 GWH, so there can be a maximum 10 manufacturers allow through competitive bidding program to build factories in India. Usually, have the capacity of 10 GWH gigabit factories need $1 billion investment.

the government hope very much in the country to promote the production of high-tech products, to reduce reliance on imports. Finance minister Nirmala Sitharaman announced for semiconductor manufacturing, solar photovoltaic cells, lithium battery, solar battery charging infrastructure, computer servers and laptops and other advanced technology in the field of manufacturers to provide investment related income tax exemption.

from these areas subsidy cases, we can also see the transition trend of subsidies. With the approaching of the late, other provinces formal notification issued also is only a matter of time.