India readies Rs 12,000 crore push for local battery component manufacturing

India is set to launch a new incentive scheme to boost local manufacturing of advanced cell battery components. This initiative aims to reduce import dependence for crucial materials like cathode and anode active materials, electrolysers, and copper foil separators. The scheme, with an estimated ₹12,000 crore allocation, will encourage domestic production and supply chain development.

Raccontata daeconomictimes.indiatimes.com