Warning: session_start(): open(/opt/alt/php72/var/lib/php/session/sess_be00a663c5307c09541ed63787eb51ef, O_RDWR) failed: Disk quota exceeded (122) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: session_start(): Failed to read session data: files (path: /opt/alt/php72/var/lib/php/session) in /home/shweuqjw/awajludhianaki.org/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83
Interview| PLI to help India catch up with storage manufacturing race: Rahul Walawalkar - Awaj Ludhiana Ki
Friday, June 13, 2025
  • Login
  • Home
  • National
  • International
  • Movies
  • Technology
  • Business
  • Fitness
  • Lifestyle
  • Punjab
  • Contact us
No Result
View All Result
No Result
View All Result
Home Business

Interview| PLI to help India catch up with storage manufacturing race: Rahul Walawalkar

by author
June 11, 2021
in Business
0
Interview| PLI to help India catch up with storage manufacturing race: Rahul Walawalkar
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter


Rahul WalawalkarRahul Walawalkar, president, India Energy Storage Alliance

Even though the country has missed out on manufacturing opportunities in the past, as it happened with the solar sector, storage is one of the emerging areas which is also critical for the national energy security programme. The government recently approved the PLI scheme on ACC battery storage for achieving manufacturing capacity of 50 giga-watt-hour (GWh) with an outlay of Rs 18,100 crore. Rahul Walawalkar, president of the India Energy Storage Alliance, tells FE’s Anupam Chatterjee he believes the scheme can provide the right platform for the industry to turn India into a global storage manufacturing hub. Excerpts:

Related posts

EXCLUSIVE – Crypto giant Binance controlled ‘independent’ US affiliate’s bank accounts

EXCLUSIVE – Crypto giant Binance controlled ‘independent’ US affiliate’s bank accounts

June 5, 2023
Why investing just to save tax may be bad for you

Why investing just to save tax may be bad for you

June 5, 2023

Is the incentive of Rs 2,000 per kWh sufficient to attract industry?

The incentive of Rs 2,000/unit offered under PLI is a good amount. In fact, practically we expect most of the companies to receive much lower incentives. The incentive is contingent on the domestic value capture and in the initial years, this domestic value capture is expected to be around 50% and the companies will be incentivised accordingly. However, we feel that it is sufficient to help the industry get through some of the teething inefficiencies which we will have when we start the plants. The scheme structure provides higher incentive for companies manufacturing advanced cells.

How about the market for storage products in the country?

The government is giving five years to scale up manufacturing capacity to 50 GWh and we do expect that the domestic demand itself will cross this capacity by 2026 or 2027. We think the stationary market (mostly power sector) will contribute to most of the demand growth till 2025, and beyond that, the electric vehicle market will start taking up the larger share. In other parts of the world such as the US, Europe and Australia, GWh scale storage deployment has been happening for the last couple of years because policy makers in these countries did detailed cost benefit analysis back in 2012-13. Unfortunately in India, policy makers had been looking for cheaper solutions and while were waiting for it, cost has fallen down by around 50% in the last five years.

Does that mean we have missed out the opportunity?

We are definitely late. But the good part is, there has been a lot of changes in the technology front. Right now China is the dominant player and the US has less than 40 GWh of manufacturing capacity, while Europe has around 20-30 GWh. The other countries do not have a huge lead, so if we move fast right now, we can catch up. We are late by 2-3 years, but if we now run, we can still catch the train.

Will locally manufactured products be cheaper than imports?

There are companies which are setting up 100 GWh storage manufacturing units outside, so it is impossible for domestic players with much lower capacities to match their rates. It will take some time to build the capacities and achieve the economy of scale for local companies to become competitive without any government support.

How do you expect the manufacturing industry to react to the PLI scheme?

We expect the government to receive bids for 70-100 GWh and anticipate around five to seven companies to benefit from the scheme. Right now it is easier to name the handful of large companies which have not shown any interest in the energy storage sector. Currently, we do not have the entire supply chain in India.

The cell prices are also expected to keep dropping. So, we expect the government incentive to be in the range of Rs 1,000/unit or thereabouts, which is sufficient to overcome the initial challenges for the industry. In another two years, import duties are also expected to be levied on the cells. On a ballpark basis, it requires investment of $50-75 million per GWh for setting up manufacturing capacities, depending on the technologies to be used.

Aren’t there raw material supply constraints?

For lithium-ion batteries, lithium comprises only 3-5% of the total material cost. Many other materials like nickel, manganese, cobalt, aluminum, copper, graphite are also required. India has sufficient reserves for a number of these elements. India may not have traditional reserves for items like lithium, but countries like Australia and Bolivia are very much eager to supply these materials to us and we can process them to make battery-grade products. The shortage of raw materials is more of a distraction and these are not the main issues. There are challenges in the processing side, but India has a very strong chemical industry.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.





Source link

Previous Post

Archer Aviation reveals 2-seater demonstration aircraft, a “stepping stone” toward commercial operations – TechCrunch

Next Post

No need to vaccinate people who had documented COVID-19 infection: Health experts | India News

Related Posts

EXCLUSIVE – Crypto giant Binance controlled ‘independent’ US affiliate’s bank accounts
Business

EXCLUSIVE – Crypto giant Binance controlled ‘independent’ US affiliate’s bank accounts

June 5, 2023
Why investing just to save tax may be bad for you
Business

Why investing just to save tax may be bad for you

June 5, 2023
Share Market outlook today: Nifty, Bank Nifty may to gain on positive global cues; check support, resistance
Business

Share Market outlook today: Nifty, Bank Nifty may to gain on positive global cues; check support, resistance

June 5, 2023
Startup group of G20 calls for $1-trillion commitment
Business

Startup group of G20 calls for $1-trillion commitment

June 5, 2023
DHARAKSHA: Converting rice straw stubble to sustainable packaging material
Business

DHARAKSHA: Converting rice straw stubble to sustainable packaging material

June 4, 2023
Amrita Hospital, Kochi opens two new research centres; announces Rs 65 Crore for charitable care
Business

Amrita Hospital, Kochi opens two new research centres; announces Rs 65 Crore for charitable care

June 4, 2023
Next Post
No need to vaccinate people who had documented COVID-19 infection: Health experts | India News

No need to vaccinate people who had documented COVID-19 infection: Health experts | India News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Electric two wheeler OEMs okay with much lower amount, suggest DBT transfer to stop pilferage, ET Auto

Electric two wheeler OEMs okay with much lower amount, suggest DBT transfer to stop pilferage, ET Auto

1 year ago
IND vs BAN 47th Match T20 World Cup 2024: Dream11 Team Prediction, Match Preview, Fantasy Cricket Hints: Captain, Probable Playing 11s, Team News; Injury Updates For Today’s India vs Bangladesh, Antigua, 8 PM IST, June 22 | Cricket News

IND vs BAN 47th Match T20 World Cup 2024: Dream11 Team Prediction, Match Preview, Fantasy Cricket Hints: Captain, Probable Playing 11s, Team News; Injury Updates For Today’s India vs Bangladesh, Antigua, 8 PM IST, June 22 | Cricket News

12 months ago
Operation Cactus Lily 1971- A saga of bravery, valour and chivalry

Operation Cactus Lily 1971- A saga of bravery, valour and chivalry

4 years ago
Second cyclone to hit Tamil Nadu within a week, very heavy rainfall likely over Kerala on December 4: IMD | India News

Second cyclone to hit Tamil Nadu within a week, very heavy rainfall likely over Kerala on December 4: IMD | India News

5 years ago

BROWSE BY CATEGORIES

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

BROWSE BY TOPICS

Architecture culture Fitness indian architecture indian culture indian culture and heritage indian news lifestyle national news Technology technology news Travel travelling

About Us

Awaj Ludhiana Ki

Address

2667/3, Kishore Nagar, Tajpur & Jail Road, Ludhiana – 141008

Recent News

  • Air India Plane Crash: Black Box Recovered; Sabotage Or Accident? Here’s What Experts Say | India News
  • ‘Israel Acting Alone To Defend Itself Under Operation Rising Lion’: Ambassador Reuven Azar | World News
  • Nuclear Sites Bombed, IRGC Chief And Top Nuke Scientist Killed In Israeli Strikes On Iran – Details | World News
  • Inevitable War? Israel Has Hit Iran, But What Tehran Knows May Change Everything | World News
  • Ahmedabad Plane Crash: Miracle On Seat 11A; Passenger Survives Fatal Crash With Minor Injuries | India News

Category

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

Search

No Result
View All Result

Email

contact@awajludhianaki.org

  • About
  • Advertise
  • Careers

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

No Result
View All Result
  • Home
  • Contact us
  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fashion
  • Fitness
  • Food
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel
  • Punjab

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In