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Global Trade Alert

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India: Financial grant scheme announced for battery energy storage systems

Description

On 6 September 2023, the Indian Union Cabinet approved the scheme for viability gap funding for the development of battery energy storage system (BESS). The scheme, with a budget of INR 3'760 crore (U...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

06 Sep 2023

Revocation date

31 Mar 2031

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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