e-Business Summit on Integration of Energy Storage and Mobility

NATIONAL, INDIA, September 11, 2020 (GNI): “EV companies will get preferential market access to establish their manufacturing plants in the state of Telangana” – said Jayesh Ranjan (IAS) Principal Secretary, ITEl & C and Industry and Commerce, Govt. of Telangana during an E-Business Summit on Integration of Energy Storage and Mobility organized today by Indian Chamber of Commerce.  Mr. Ranjan also informed that the Telangana has come up with the new ‘Electric Vehicle and Energy Storage Solution Policy’ to promote the usage of EVs and attract investors in the green mobility sector by giving various incentives. Also, realizing that buyers will opt for e-vehicles only when they have easy access to EV charging stations, the state government has developed charging infrastructure to meet the future demand.

Mr Anil Srivastava, Mission director, Mobility, Niti Aayog informed that India will be moving fast with various favorable policies and schemes to implement efficient energy storage and mobility in the country. He further added that there is a growing emphasis on urban mining and recycling of lithium-ion batteries. And we at NITI Aayog are working on inviting investments for cell manufacturing and are proposing direct incentives to manufacturers of cells. He concluded saying that there is no rocket science in manufacturing EVs and the Indian industries need to be sure that the shift will provide them with tremendous growth opportunities.

Mr. Mayank Jalan, President, ICC while delivering his theme address mentioned that over the past few years, Government of India has created a momentum through several policies that encourage the adoption of electric mobility. Shri Rajiv Reddy, Southern Region Chairman, ICC said that policy on raw materials and ancillary business area of energy storage EV manufacturing is the need of the hour. Also, India needs to focus on developing material processing capabilities with appropriate quality to supply to advanced storage manufacturing ecosystem. Dr. Rajeev Singh, Director General, ICC while delivering the vote of thanks acknowledged the support received from Government of Maharashtra and Telangana in organizing this important Summit. He further added that the summit has duly delved on the Government initiatives as well the industry implementation and challenges to come to an enriching discussion that will keep the momentum accelerating with respect to India’s integration of energy storage and mobility.

The E Business Summit also organized sessions on ‘Transformation of mobility though EV technology’ and ‘Energy Storage Advanced Technology & Manufacturing for Mobility’ respectively followed by B2B Meetings. 

Mr. Abhishek Krishna, Joint CEO, MIDC, in his address during the session, said,  ‘We aim to increase the number of electric vehicles registered in the state to 5,00,000 by 2023 and generate investments of over INR 25,000 Crores. We also aim to create 1, 00,000 jobs through this by 2023. Under the EV policy, a manufacturing unit set up in A & B areas with a Fixed Capital Investment of INR 250 Crores or employment of 500 persons will be classified as a Mega Enterprise and in other areas, a unit with INR 100 Crores or employment of 250 persons will be classified as a Mega Enterprise. A manufacturing unit with fixed capital investment of INR 1500crores or employment of 3000 persons anywhere in the state will be classified as an Ultra Mega Project. Similarly, MSME’s and Large units will receive incentives at 1 scale higher than other units. The state recognizes the importance of EV charging infrastructure and focuses on incentivizing it. Public EV Charging stations will be eligible for 25% capital subsidy on equipment and machinery. The policy encourages also common charging points in public parking lots and petrol pumps and will permit the same at no additional cost. The state is also creating charging infrastructure with multiple charging points in public places. The policy also aims at providing incentives to the EV buyers with a 10% subsidy on passenger busses registered in the state and a 15% subsidy on first 1,00,000 electric vehicles like bikes, autos and cars. In addition to this, EV’s are exempted from Road Tax and Registration fees, stated in the press release.”ends