The government of India is planning to provide subsidies for setting up of Giga Factories for the production of battery packs in India, through Phased Manufacturing Programme (PMP).

Phased Manufacturing Programme (PMP) aims to support and promote clean, connected, shared and sustainable mobility solutions.

The cabinet, headed by Prime Minister Narendra Modi, approved setting up of National Mission on Transformative Mobility and Battery Storage along with creation of the PMP for five years to support setting up of large scale batteries and cell manufacturing Giga plants.

The programme will provide a plan which will send clear signal to the industry to make necessary investments in capacity to localize the value chain.