Schedule a Call Back
Indian Oil Corp, Panasonic forge partnership for Li-ion battery manufacturing
Industry News- Jan 23,24
The Indian government has taken steps to promote battery manufacturing by approving the PLI Scheme 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage,' with a budgetary outlay of Rs 18,100 crore.
Indian Oil Corporation and Panasonic India have entered into a Memorandum of Understanding (MoU) to explore the potential establishment of a joint venture dedicated to advanced cell manufacturing for Lithium-ion batteries.
The signing ceremony took place in the presence of Union Minister Hardeep Singh Puri, Amitabh Kant (Secretary, Ministry of Petroleum and Natural Gas, Government of India), Pankaj Jain (Chairman, IOCL), SM Vaidya (President, Panasonic India), Daizo Ito, and senior officers from both companies.
Minister Hardeep Singh, in a recent post, emphasised the significance of developing a domestic battery manufacturing ecosystem in line with India's ambitious goals for renewable energy and electric mobility, under the visionary leadership of Prime Minister Narendra Modi.
Highlighting the substantial contribution of India's automobile sector to the GDP and exports, Minister Singh pointed out that the sector generates around 37 million employment opportunities. He stressed the critical role of battery manufacturing in India to facilitate a smooth transition to electric mobility.
The Indian government has taken steps to promote battery manufacturing by approving the PLI Scheme 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage,' with a budgetary outlay of Rs 18,100 crore. The program aims to achieve a 30 GWh capacity, accelerating electric vehicle adoption and resulting in net savings of Rs 2,00,000 crore to Rs 2,50,000 crore, attributed to a reduction in the oil import bill during the program period.
Source: Psu Connect
Indian Oil Corporation
Panasonic India
Hardeep Singh Puri
Narendra Modi
PLI Scheme
National Programme on Advanced Chemistry Cell
Related Stories
Material Handling Equipment
Supply chain security is fundamental to Make in India 2.0
In this article, Parmod Sagar, Chairman & CEO, RHI Magnesita India Ltd, emphasises that supply chain security is a strategic enabler for India’s $7 trillion economy vision, requiring diversificati..
Read moreProcess Equipment
India’s specialty chemicals sector gears up for global transition
India’s specialty chemicals industry is transitioning from a fragmented, domestic-focused market to a global hub, supported by policy reforms, R&D investment, and rising export opportunities. Dr A..
Read moreAuto & Auto Components
India’s Automotive Sector Amid Global Uncertainty
The automotive industry is both an engine of growth and a bellwether of India’s global competitiveness. However, the industry needs to build up a strategic roadmap for global success, writes Jupit..
Read moreRelated Products
Forklift Battery
BATTERIES, UPS SYSTEMS & VOLTAGE STABILISERS
Aatous International is a manufacturer and solution provider of a wide range of forklift battery.
Kusam Meco -Wrist Type High Voltage Alarm
BATTERIES, UPS SYSTEMS & VOLTAGE STABILISERS
‘KUSAM-MECO’ has introduced a new wrist Type High Voltage Alarm Detector - Model KM-HVW-289 having a wide sensing range from 1kV-220 kV AC.
Servotech Power Systems files 2 patents for energy management technologies
BATTERIES, UPS SYSTEMS & VOLTAGE STABILISERS
Servotech Power Systems, a leading manufacturer of EV chargers and solar solutions, has announced that it has filed two patents for innovative energy management technologies in order to facilitate gri Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
