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According to the Ministry of Commerce, India's lithium-ion battery imports reached $1.
23 billion in fiscal year 2018-19, reaching 713 million in terms of volume, an increase of 2.
2 times and 3 times
respectively compared with the 2016-17 fiscal year.
In the first eight months of this fiscal year, from April to November 2019, India's lithium-ion battery imports have reached 450 million worth $929 million
.
The Ministry of Commerce revealed that Chinese mainland, Hong Kong and Vietnam are the main sources of lithium-ion batteries imported from India
.
In FY 2018-19, Chinese mainland exported $773 million worth of lithium-ion batteries to India, while Hong Kong and Vietnam exported $267 million and $114 million, respectively
.
Made in India
NITI Aayog, a government think tank, has sought cabinet approval for a proposal to fund investors to set up gigabit-class lithium-ion production facilities in India with an eye on the electric vehicle market
.
If approved, the organization will tender to build a production line
with an annual capacity of 50 GWh over 10 years.
State-owned engineering companies BHEL and Tata Chemicals are market frontrunners that have acquired lithium-ion battery production technology from the Indian Space Research Organisation (ISRO) to manufacture them
in India.
ISRO, an Indian space research organisation, is providing Tata Chemical with the technology non-exclusively for the manufacture of batteries
with different capacities, sizes and energy and power densities.
When BHEL set up a lithium-ion production facility near Bangalore in Karnataka, Tata Chemical has pledged to invest Rs 400 crore to build a 10 GW plant
in the Dholera Special Investment Zone in Gujarat.
According to the Ministry of Commerce, India's lithium-ion battery imports reached $1.
23 billion in fiscal year 2018-19, reaching 713 million in terms of volume, an increase of 2.
2 times and 3 times
respectively compared with the 2016-17 fiscal year.
In the first eight months of this fiscal year, from April to November 2019, India's lithium-ion battery imports have reached 450 million worth $929 million
.
The Ministry of Commerce revealed that Chinese mainland, Hong Kong and Vietnam are the main sources of lithium-ion batteries imported from India
.
In FY 2018-19, Chinese mainland exported $773 million worth of lithium-ion batteries to India, while Hong Kong and Vietnam exported $267 million and $114 million, respectively
.
Made in India
NITI Aayog, a government think tank, has sought cabinet approval for a proposal to fund investors to set up gigabit-class lithium-ion production facilities in India with an eye on the electric vehicle market
.
If approved, the organization will tender to build a production line
with an annual capacity of 50 GWh over 10 years.
State-owned engineering companies BHEL and Tata Chemicals are market frontrunners that have acquired lithium-ion battery production technology from the Indian Space Research Organisation (ISRO) to manufacture them
in India.
ISRO, an Indian space research organisation, is providing Tata Chemical with the technology non-exclusively for the manufacture of batteries
with different capacities, sizes and energy and power densities.
When BHEL set up a lithium-ion production facility near Bangalore in Karnataka, Tata Chemical has pledged to invest Rs 400 crore to build a 10 GW plant
in the Dholera Special Investment Zone in Gujarat.
