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Manufacturing: Govt committed to India’s RE revolution

Fiinews by Fiinews
February 14, 2024
in Manufacturing
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Dr Pandey highlights India’s position as global leader in sustainable technologies

Minister of Heavy Industries Dr. Mahendra Nath Pandey has underlined the government’s unwavering commitment to facilitate a conducive environment for domestic and international stakeholders to participate in India’s renewable energy revolution.

Addressing stakeholders at the second round under the Production Linked Incentive (PLI) scheme for Advanced Chemistry Cells (ACC) for cumulative 10 GWh PLI ACC capacity, he highlighted the importance of PLI ACC scheme in advancing India’s position as a global leader in sustainable energy technologies.

The meeting, held 12 Feb, was attended by industry stakeholders and government organization including NITI Aayog, Ministry of Power, MNRE and industry association IESA.

The Heavy Industries Ministry said the pre-bid meeting at IFCI Limited in New Delhi laid the foundation for the second round under the PLI scheme for ACC for cumulative 10 GWh PLI ACC capacity.

It marked a significant step towards bolstering India’s capabilities in ACC manufacturing, said the Ministry.

The pre-bid meeting was conducted in preparation for the upcoming global tender seeking bids for the establishment of giga-scale ACC manufacturing facilities, cumulatively amounting to 10 GWh capacity.

Under the ambitious PLI ACC Scheme, the Indian government aims to promote the manufacturing of technology-agnostic ACCs within the country, aligning with its commitment to fostering innovation and self-reliance in the renewable energy sector.

The Ministry made a detailed presentation on the scope and objectives of the global tender for 10 GWh ACC capacity.

Further clarifications on technical specifications, eligibility criteria, and evaluation process were provided.

Deadline for receiving queries from Bidders is set 4 Mar 2024.

The tender documents have been made available since 24 Jan 2024 and the bid due date is 22 April2024.

The bids shall be opened on 23 April 2024.

The bidding process will follow online transparent two-stage mechanism under the Quality and Cost Based Selection (QCBS) framework through the CPP Portal.

This approach ensures fairness, transparency, and efficiency in the selection of bidders, thereby attracting the best-in-class global talent to contribute to India’s ACC manufacturing landscape, said the Ministry. Fiinews.com

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