320-x-100_uti_gold.jpg" alt="Advertisement">
09-06-2023 03:37 PM | Source: Reuters
India to spend $452 million for battery energy storage
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
India will spend 37.6 billion rupees ($452 million) on viability gap funding for battery energy storage in a bid to increase renewable energy capacity, the country's information minister said on Wednesday.
The programme will support battery energy storage capacity of 4000 mega-watts hours, to be developed by 2030-31, Anurag Thakur said, adding that the government will offer incentives worth up to 40% of capital costs to companies setting up manufacturing units.
Latest News
GST meet: Ready-to-eat popcorn to become costly, tax...
Detailed report on insurance premiums to be presente...
55th GST Council defers rate cut decision on health ...
Maharashtra will play key role in achieving India`s...
Domestic stock markets to end 2024 on positive note,...
BharatNet connects over 2.14 lakh gram panchayats wi...
Weekly Outlook: Sideways price action strategy remai...
Market Outlook 2025 by Motilal Oswal Wealth Management
Weekly Note : The Markets faced significant pressure...
Humanoid robotics to offer human-like dexterity, int...
