The third annual India Battery Manufacturing and Supply Chain Summit (IBMSCS) organized by the India Energy Storage Alliance (IESA) has commenced in Hyderabad. The two-day conference brings together representatives from key industries to discuss matters related to domestic battery manufacturing in India. The summit aims to chart the course of battery sector development, including production and supply chain, technological advancements, policy frameworks, sustainable development practices, and circular economy.
Over 300 participants, including industry leaders, policymakers, think tanks, and experts in the field, have registered for the event. In his inaugural speech, Jayesh Ranjan, Principal Secretary for Industry and Commerce and IT of the Telangana government, stated, “The efforts of the Central government through the Advanced Chemistry Cell (ACC) PLI program, the support of several states like Telangana, and the dynamism of the private sector promise a bright future for our country. I am confident that we can surpass the target of 150 GWh ACC production by 2030, and India can go even further. Out of the 150 GWh energy produced in ACC batteries in the country, we are delighted that 30 GWh will be produced in our own state.” The Principal Secretary also informed that Amara Raja is investing in a 16 GWh manufacturing facility. Last week, the Telangana government signed an agreement with Godi Energy in Davos to build a 12 GWh manufacturing facility, and discussions with several other companies are also underway.
Dr. Rahul Walawalkar, the Founder of the India Energy Storage Alliance; Vijayanand Samudrala, President of Amara Raja; Frank Talluto, Senior Economist at the U.S. Department of State; Vikram Handa, Managing Director of Epsilon; and Anjani Mourya, Founder and Managing Director of Altmin, were among the speakers at the summit. The meeting is organized under the auspices of the India Battery Manufacturing and Supply Chain Council, an initiative launched by IESA in December 2021.
The key aspect of this conference is the dynamism and growing interest in battery production in India. This industry is attracting more and more investors, both domestically and internationally. The prospects for the development of this sector are promising, and India has immense potential to exceed the future targets set. The importance of battery supply sovereignty for the domestic economy is increasing, and it is one of the directions that the country has decided to pursue. Considering the significant industry investments, the prospects for the battery market in India are incredibly promising.
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