Recent decisions by Union Cabinet:
The Union Cabinet chaired by Prime Minister Narendra Modi has approved:
- Setting up of a National Mission on Transformative Mobility and Battery Storage, to drive clean, connected, shared, sustainable and holistic mobility initiatives.
- Phased Manufacturing Programme (PMP) valid for 5 years till 2024 to support setting up of a few large-scale, export-competitive integrated batteries and cell-manufacturing Giga plants in India.
- Creation of a PMP valid for 5 years till 2024 to localize production across the entire Electric Vehicles value chain.
Both PMP schemes will be finalised by the National Mission on Transformative Mobility and Battery Storage.
