Indian Economy: News and Discussion

FalconSlayers

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But what about the taxes then? If people start sending money directly then we may lose up good amount of tax.
Dude it may not add in direct tax, but will contribute in Indirect taxes. Like one will spend this money somewhere and that somewhere gives GST.
 

sorcerer

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Cabinet approvesProduction Linked Incentive scheme “National Programme on Advanced Chemistry Cell Battery Storage”


Posted On: 12 MAY 2021 3:29PM by PIB Delhi



The Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the proposal of Department of Heavy Industry for implementation of the Production Linked Incentive (PLI) Scheme 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for achieving manufacturing capacity of Fifty (50) Giga Watt Hour (GWh) of ACC and 5 GWh of "Niche" ACC with an outlay of Rs.18,100 crore.


ACCs are the new generation of advanced storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required. The consumer electronics, electric vehicles, advanced electricity grids, solar rooftop etc. which are major battery consuming sectors are expected to achieve robust growth in the coming years. It is expected that the dominant battery technologies will control some of the world's largest growth sectors.


While several companies have already started investing in battery packs, though the capacities of these facilities are too small when compared to global averages, but there still is negligible investment in manufacturing, along with value addition, of ACCs in India. All the demand of the ACCs is currently being met through imports in India. The National Programme on Advanced Chemistry Cell (ACC) Battery Storage will reduce import dependence. It will also support the Atmanirbhar Bharat initiative. ACC battery Storage manufacturers will be selected through a transparent competitive bidding process. The manufacturing facility would have to be commissioned within a period of two years. The incentive will be disbursed thereafter over a period of five years.


4. The incentive amount will increase with increased specific energy density & cycles and increased local value addition. Each selected ACC battery Storage manufacturer would have to commit to set-up an ACC manufacturing facility of minimum five (5) GWh capacity and ensure a minimum 60% domestic value addition at the Project level within five years. Furthermore, the beneficiary firms have to achieve a domestic value addition of atleast 25% and incur the mandatory investment Rs.225 crore /GWh within 2 Years (at the Mother Unit Level) and raise it to 60% domestic value addition within 5 Years, either at Mother Unit, in-case of an Integrated Unit, or at the Project Level, in-case of "Hub & Spoke" structure.


The outcomes/ benefits expected from the scheme are as follows:


  1. Setup a cumulative 50 GWh of ACC manufacturing facilities in India under the Programme.
  2. Direct investment of around Rs.45,000 crore in ACC Battery storage manufacturing projects.
  3. Facilitate demand creation for battery storage in India.
  4. Facilitate Make-ln-lndia: Greater emphasis upon domestic value-capture and therefore reduction in import dependence.
  5. Net savings of Indian Rs. 2,00,000 crore to Rs.2,50,000 crore on account of oil import bill reduction during the period of this Programme due to EV adoption as ACCs manufactured under the Programme is expected to accelerate EV adoption.
  6. The manufacturing of ACCs will facilitate demand for EVs, which are proven to be significantly less polluting. As India pursues an ambitious renewable energy agenda, the ACC program will be a key contributing factor to reduce India's Green House Gas (GHG) emissions which will be in line with India's commitment to combat climate change.
  7. Import substitution of around Rs.20,000 crore every year.
  8. Impetus to Research & Development to achieve higher specific energy density and cycles in ACC.
  9. Promote newer and niche cell technologies.
 

sorcerer

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Indian Standards for Low-cost AC Charge Point (LAC) to be released


Posted On: 12 MAY 2021 4:48PM by PIB Delhi



Cities, towns and villages in India will soon be able to benefit from an innovative low-cost Electric Vehicle (EV) charge point that can accelerate the adoption of Electric 2-wheelers and 3-wheelers. A forthcoming Indian Standard will allow a rapid scaling up of EV charging infrastructure that is much needed in the country
































The objectives of India’s Transformative Mobility program for promoting EVs are to reduce carbon emissions, improve air quality and to reduce the dependence on import of crude oil. The several initiative taken by by the NITI-Aayog (Mission for Transformative Mobility and Battery Storage) and the launch of FAME-2 incentives are intended to stimulate the production and demand for EVs in India. Yet, the consumer adoption of EVs will also depend on the easy availability of EV charging infrastructure. Potential buyers must be confident of finding chargers for their vehicles when they are away from home.


The share of Internal Combustion Engine (ICE) two-wheelers & three-wheelers is ~84% of total vehicle sales in our country. Therefore, the fastest adoption of EVs is expected to be in two-wheelers and three-wheelers. By 2025, forecasts expect up to 4 million of such vehicles could be sold each year, growing to almost 10 million by 2030. Any charging solution to serve this sector must be highly scalable, easily accessible by public; it should support interoperability, and be affordable. Most systems developed across the globe address higher levels of power and are very expensive for wide-spread deployment.


The Department of Science and Technology (DST), the Office of the Principal Scientific Advisor (PSA) to the Government of India, in close co-ordination with NITI Aayog team had taken on this challenge. A committee involving all the key stakeholders including EV manufacturers, auto and electronic component suppliers, power utilities, and communication service providers has worked in fast-track mode to develop specifications, prototype products, and undertake testing and validation of the proposed standards. These will be formally issued by the Bureau of Indian Standards (BIS).


The Group had set a target price of less than Rs. 3500 ($50) for a smart AC charge point operated with a smartphone, for a global breakthrough in affordable EV charging infrastructure. Fast-track development of the standard, close working between industry and government, and diligent testing and validation has met with success. This Low-Cost AC Chargepoint (LAC) allows up to 3 kW of power to be drawn charging eScooters and eAutorickshaws. The user’s smartphone will communicate with the LAC via low-power Bluetooth and links up to a back-end where transaction payment and analytics are enabled. The user’s smartphone can be used for multiple accounts and payment options.


Several Indian manufacturers are already on board to make this Charge Point Device, as per Indian Standards, with target prices starting as low as Rs. 3500. The LAC device is intended to be highly scalable and deployed in any place where a 220V 15A single phase line is available – mainly targeting parking lots of metro and railway stations, shopping malls, hospitals, office complexes, apartments and even kirana and other shops.


The draft Indian Standard has been taken up by the BIS Committee on Electromobility Standards. The formal release of the standards will be done within next two months, after completion of field and durability trials of sample products. It is expected that a new industry sector will emerge catering to the high volume, low-cost charging infrastructure for EVs.


Dr V. Sumantran, Chairman, DST-PSAO Group on Charging Infrastructure observed “when industry and government entities come together to work on national goals, remarkable progress can be achieved with speed. Furthermore, this effort brought out the talent in India for intelligent cost-innovation. Affordability constraints in India demand that we address problems keeping in mind both cost and scalability.”


Dr. Rajiv Kumar, Vice Chairman, NITI Aayog said “the emphasis on charging points rather than costly charging stations has led to the accelerated efforts by the team for developing the LAC Charging standard for the light electric vehicles segment, as the next logical step”.
 

SKC

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India Myanmar Thailand Trilateral highway Bangladesh and Vietnam also want to join this project
ASEAN countries have a combined GDP of more than 3 trillion dollars it will boost our trade with ASEAN
It is built on the roads of Older AH-1 highway only! warna kaun itna paisa laga sakta hai naya highwaya banane mai in South asia!
 

Chandragupt Maurya

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It is built on the roads of Older AH-1 highway only! warna kaun itna paisa laga sakta hai naya highwaya banane mai in South asia!
AH-1 doesn’t exist as such it’s existing highways in different countries connected to each other named as AH1
But India Myanmar Thailand Trilateral Highway is under construction and it can boost our trade with ASEAN countries
 

Chandragupt Maurya

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NEW DELHI: Bangladesh is likely to finally join the India-Myanmar-Thailand Trilateral Highway Project. The issue was discussed during Prime Minister Narendra Modi's visit to Dhaka last week as both India and Bangladesh have decided to remain engaged with Myanmar notwithstanding its internal political dynamics. The project will provide Bangladesh direct connectivity with the Southeast Asian nations. It is expected to boost trade in the region.

 

Chandragupt Maurya

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Can anyone from Bihar tell me the status of Darbhanga Amas Expressway which links North Bihar Nepal and South Bihar with Patna it covers entire width of Bihar
 

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