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Why India's ?18,100 crore advanced chemistry battery-making incentive plan is delayed by two years

News Snapshot:

“The PLI ACC Scheme remained in its gestation period until December 2024. Further, lithium-ion cell manufacturing involves highly specialized and niche technology, which is presently at a nascent stage in India. As a result, beneficiary firms under the scheme have not been able to adhere to their pre-declared timelines for commencement of committed production. In addition, export control measures announced by China on certain lithium-ion cell manufacturing equipment and related raw materials have further impacted project implementation timelines,” the ministry told the parliamentary committee.

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