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(Reuters) – The Indian government is preparing a new multibillion-dollar subsidy scheme for companies making electricity grid batteries, the Financial Times reported on Wednesday citing a proposal.
The draft proposal for a production-linked incentive subsidy scheme would offer Rs 21,600 crore ($2.63 billion) from this year through to 2030 for companies to set up manufacturing capacity for battery cells in India, the FT reported.
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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Jun 28 2023 | 6:28 AM IST
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