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India to become major production hub for ACC batteries: ICEA
The India Cellular and Electronics Association (ICEA) has welcomed the Rs 18,100 crore (€2.1 Bn) Production Linked Incentive (PLI) scheme that has been approved for Advanced Chemistry Cell (ACC) battery storage in the country. In a statement, ICEA that represents mobile and component manufacturers such as Apple, Motorola, Nokia, Foxconn, Wistron, Flextronics, Lava, Vivo and others, said that it would promote newer and niche cell technologies in the country. PLI scheme would give thrust to 'Make in India' initiative and will attract huge investments of Rs 45,000 crore (€5.2 Bn) plus in the coming years. With this push for ACC batteries, the sector would witness robust growth in the coming years.
RDSO becomes first standards body to join govt's 'One Nation, One Standard' scheme
The Research Design and Standards Organization (RDSO), which sets standards for the railway sector, has become the first standards body in the country to join the central government's 'One Nation, One Standard' scheme. RDSO has now been recognized as a 'Standard Developing Organization' by the Bureau of Indian Standards (BIS), which is implementing the scheme. The partnership will help RDSO, the sole R&D wing of the railways ministry, to realign its standard formulation procedures as per the code of good practices mentioned under the WTO-Technical Barriers to Trade (WTO-TBT). The recognition will be valid for three years.
Niti Aayog launches India Energy Dashboards Version 2.0 focused on data
With an aim to provide single-window access to energy data for the country, government think tank Niti Aayog on Monday launched India Energy Dashboards (IED) Version 2.0, according to an official statement. While launching the IED, Niti Aayog Vice Chairman Rajiv Kumar said that it is an endeavour to establish a central energy database of the country. "With the rise of renewables and many other new energy technologies, the interplays between energy supply and demand sectors are now becoming increasingly critical," he said adding that the scenario building exercise is the key as India needs to seize today's opportunities to build a sustainable tomorrow.
Cabinet approves Production Linked Incentive scheme on Advanced Chemistry Cell Battery Storage
The Cabinet has approved the proposal of Department of Heavy Industry for implementation of the Production Linked Incentive (PLI) Scheme 'National Programme on Advanced Chemistry Cell Battery Storage’ for achieving manufacturing capacity of Fifty (50) Giga Watt Hour (GWh) of ACC and 5 GWh of "Niche" ACC with an outlay of Rs.18,100 crore (€2.1 Bn). The consumer electronics, electric vehicles, advanced electricity grids, solar rooftop etc. which are major battery consuming sectors are expected to achieve robust growth in the coming years. This dominant battery technologies will control some of the world's largest growth sectors.