As per the information provided by the Ministry of Mines, they have set up Khanij Bidesh India Limited (KABIL), a joint venture company with equity contributions from National Aluminium Company (NALCO), Hindustan Copper Limited (HCL), and Mineral Exploration and Consultancy Limited (MECL).  Its overarching mission is to identify and acquire overseas mineral assets that hold critical and strategic significance, specifically targeting minerals like Lithium, Cobalt, and others.  KABIL has signed an Exploration and Development Agreement with CAMYEN, a state-owned enterprise of Catamarca province of Argentina, for Exploration and mining of Five Lithium Block in Argentina.  KABIL is also constantly having interactions with Critical Mineral Office in Australia with the primary objective of acquiring critical and strategic mineral assets.

The Government of India approved the Production Linked Incentive scheme for National Programme on Advanced Chemistry Cell (ACC) Battery Storage (PLI ACC scheme) on 12^th May, 2021, for setting up manufacturing facilities for Advanced Chemistry Cell (ACC), Battery Storage in India.  The Scheme aims to reduce the dependency on imported ACC in India by enhancing India’s manufacturing capabilities and envisages incentivizing large domestic and international players in establishing a competitive ACC battery set-up in India.

The budgetary outlay of the scheme is ₹18,100 Crore for a cumulative capacity of 50 GWh for a period of 5 years after gestation period of 2 years.  The scheme has provision for incentive based on the quoted subsidy per KWh by the beneficiary firms and the percentage of value addition achieved on actual sales for manufacturers.  Beneficiary firms must ensure to achieve a value addition of at least 25% within 2 years (at the Mother Unit Level) from the appointed date i.e. Milestone-1 and raise it to 60% value addition within 5 years from the appointed date i.e. Milestone-2.  The performance and incentive disbursement of allocated funds shall commence after achieving the Milestone-I by the beneficiary firms.  The details of the scheme may be seen at:  https://heavyindustries.gov.in/pli-scheme-national-programme-advanced-chemistry-cell-acc-battery-storage

Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme Phase-II (FAME II) was implemented for a period of 5 years w.e.f. 01^st April, 2019 with a total budgetary support of ₹11,500 Crore.  Under FAME India scheme Phase-II, Phased Manufacturing Programme (PMP) was introduced with the objective of domestic manufacturing of electrical vehicles, its assemblies/ subassemblies and parts/sub-parts thereby increasing the domestic value addition. The details of the scheme may be seen at: https://heavyindustries.gov.in/fame-ii

The Government approved Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India on 15^th September, 2021 for Automobile and Auto Component Industry in India for enhancing India's manufacturing capabilities for Advanced Automotive Technology (AAT) products including electric vehicles with a budgetary outlay of ₹25,938 Crore.  The scheme has provision for financial incentives to boost domestic manufacturing of AAT products with minimum 50% Domestic Value Addition (DVA) and attract investments in the automotive manufacturing value chain.  The details of the scheme may be seen at: https://heavyindustries.gov.in/pli-scheme-automobile-and-auto-component-industry

This information was given by the Minister of State for Heavy Industries and Steel, Shri Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha today.

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MG/KSR

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