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Energy storage industry should reduce dependence on imports from certain countries: Goyal
Jul-11-2025

Commerce and Industry Minister Piyush Goyal has urged the energy storage industry to reduce dependency on imports from certain countries and explore alternate sources of supply. Proposing a comprehensive four-pronged approach for advancing India’s energy independence, Union Minister emphasized the need for targeted innovation, infrastructure development, supply chain resilience, and holistic value chain growth. 

He stated that India must lead in research and development for energy storage by focusing on next-generation battery chemistries, solid-state and hybrid storage technologies, and circular supply chains. He further said that the industry should look at newer technologies to cut overdependence on imports and focus on self-sufficiency, adding that all industry stakeholders should join hands to develop charging and battery swapping infrastructure for faster EV (electric vehicle) adoption. 

He said they should also explore new opportunities to expand manufacturing in areas like critical minerals and semiconductors. Besides, he noted that the government is taking measures to boost domestic manufacturing in the segment. he noted the 4,000% increase in India’s installed solar capacity and stated that the country’s renewable energy capacity now stands at a robust 227 GW. He said India is likely the first G20 nation to have met its Nationally Determined Contributions (NDCs) under the Paris Agreement.


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