India to provide incentives for battery storage

$2.47bln plan would reduce India's import dependence

  

NEW DELHI - India's cabinet on Wednesday approved a proposal to provide incentives to boost domestic production of batteries with advanced energy storage capacities, a government minister said.

The 181-billion rupee ($2.47 billion) plan would reduce India's import dependence and help sectors such as consumer electronics, electric vehicles, and solar energy, Heavy Industries and Public Enterprises Minister Prakash Javadekar told a news conference. ($1 = 73.42 rupees)

(Reporting by Mayank Bhardwaj, editing by Louise Heavens) ((mayank.bhardwaj@thomsonreuters.com; +91-11-4954 8030; Twitter: @MayankBhardwaj9; Reuters Messaging: mayank.bhardwaj.thomsonreuters.com@reuters.net))


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