India launches Rs 12,000 crore incentive to spur domestic battery component production
The Ministry of Heavy Industries unveiled a Rs 12,000 crore Production‑Linked Incentive to build domestic capacity for key battery components – cathodes, anodes, electrolyzers, copper foil and separators. The scheme aims to curb reliance on imports and jump‑start India’s advanced‑chemistry‑cell ecosystem, positioning the country for the EV transition.