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Business
ACC Battery Storage Fails To Claim PLI Incentive
✍️ Asianet Newsable
🗓 22 Jul 2026, 05:47 AM
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Despite investment, no firm has claimed the PLI incentive for ACC battery storage. The development has raised questions about the effectiveness of the scheme.
The PLI incentive scheme was introduced to promote domestic manufacturing of battery storage systems. However, it appears that the scheme has not been able to attract the desired response from the industry. The lack of claims for the incentive has raised concerns about the viability of the scheme. The government had announced the scheme to encourage the production of advanced battery storage systems in the country. The scheme was expected to play a crucial role in promoting the use of renewable energy sources in India.