Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » India’s first technology transfer pact for lithium-ion batteries signed

    India’s first technology transfer pact for lithium-ion batteries signed

    June 17, 2018
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Prime Minister Narendra Modi of India.

    17 June 2018, New Delhi – An agreement on first transfer of technology for lithium-ionbatteries was signed here on Sunday between the government-runCentral Electro Chemical Research Institute (CECRI) and RAASI Solar PowerPvt Ltd, an official statement said on Sunday.

    According to the Science and Technology Ministry statement, this memorandum of understanding is the first of its kind for the country.

    The indigenous technology of lithium-ion cells has been developed by a group ofscientists at the Council for Scientific Industrial Research (CSIR)’s CECRI in Tamil Nadu’s Karaikudi in partnership with CSIR-National Physical Laboratory, CSIR-Central Glass and Ceramic Research Institute, Kolkata and CSIR-Indian Institute of Chemical Technology, Hyderabad, it said.

    “CSIR-CECRI has set up a demo facility in Chennai to manufacture prototype lithium-ion cells. It has secured global IPRs with potential to enable cost reduction, coupled with appropriate supply chain and manufacturing technology for mass production,” it added

    According to the ministry, Indian manufacturers source lithium-ion batteries from China, Japan and South Korea among some other countries.

    “India is one of the largest importers, and in 2017 it imported nearly $150 million worth lithium-ion batteries,” it said

    “Today’s development is a validation of the capabilities of CSIR and its laboratories to meet technology in critical areas to support our industry, besides other sectors,” said Science and Technology Minister Harsh Vardhan.

    “It will give tremendous boost to two flagship programmes – generating 175 giga watts (GW) by 2022, of which 100 GW will be solar and the second, the National Electric Mobility Mission, to switch completely to electric vehicles by 2030,” he added.

    Under the MoU, the Raasi Group will set up a manufacturing facility in Tamil Nadu’s Krishnagiri district, which is located close to Bengaluru.

    “We want to bring down the cost of cell manufacturing below Rs 15,000 per KW to replace lead acid battery,” Raasi Group Chairman C.Narsimhan said in a statement.

    “We also have plans to make lithium-ion battery for solar roof top with life span of 25 years to make it affordable enough to drive the photo voltaic segment,” he added.

    Lithium-ion batteries have applications in energy storage systems and can power any electrical application without the need of physical wires.

    Related News

    MAJI urges FG to ban single-use plastics, attract green investment

    Renewables to account for half of Brazil’s annual power output in 2035

    Otedola plans investment expansion in power, banking sectors

    E-book
    Resilience Exhibition

    Latest News

    Demand for US light sweet crude drops as OPEC+ ramps up output

    June 8, 2025

    ‘Ebonyi communities face pollution, abuse from Chinese mining firms’

    June 8, 2025

    Nigeria loses N710bn to gas flaring in four months

    June 8, 2025

    NNPCL cuts workforce by 197 employees in one year

    June 8, 2025

    Rivers State to revive abandoned Songhai Farms, healthcare facilities

    June 8, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.