Here are some noteworthy cleantech announcements of the day from around the world:
The Ministry of Heavy Industries has notified that the Production Linked Incentive (PLI) Program for the automobile and auto component industry has attracted a proposed investment of ₹748.5 billion (~$9.82 billion). Over five years, the target investment estimate was ₹425 billion (~$5.57 billion). The proposed investment of ₹450.16 billion (~$5.90 billion) is from approved applicants under the Champion OEM Incentive program and ₹298.34 billion (~$3.91 billion) from approved applicants under the Component Champion Incentive program. This PLI program for the automotive sector, the already launched PLI program for advanced chemistry cell, and Faster Adaption of Manufacturing of Electric Vehicles (FAME) are together expected to enable India to leapfrog from traditional fossil fuel-based automobile transportation system to environmentally cleaner, sustainable, advanced and more efficient electric vehicles (EV) based system. The PLI program for the automobile and auto component industry has drawn interest from Indian business groups and groups from countries including Japan, Germany, USA, UK, Republic of Korea, Ireland, France, Belgium, Netherlands, and Italy.
Tata Power Delhi Distribution Limited (Tata Power DDL) has partnered with Battery Smart to set up battery swapping stations for electric two and three-wheeler vehicles at various locations across North Delhi. Battery Smart is a…
