company news about India Aims for Energy Storage Self‑Reliance, Industry Told to Reduce Import Dependencies

New Delhi – July 10, 2025 — India’s Commerce and Industry Minister, Piyush Goyal, urged the country’s energy storage sector to accelerate efforts toward self-reliance and supply chain resilience at the opening of the India Energy Storage Week in New Delhi .

Major Developments and Announcements

• Diversify supply sources: Goyal emphasized the need to move away from heavy import dependence on specific countries by encouraging manufacturers to explore alternative suppliers and domestic production channels

• Prioritize R&D: He called on companies to invest in innovation, including advanced battery technologies, critical mineral processing, and charging/battery-swap infrastructure to support the EV ecosystem
• Infrastructure expansion: Goyal highlighted progress in India’s clean energy sector, noting a 4,000% increase in solar capacity, now totaling 227 GW. He called for parallel expansion in battery charging and swapping infrastructure to support sustainable e-mobility

  Why This Matters

• Building resilience: Reducing foreign dependence—especially amid global supply disruptions—will enhance India's energy security and lower vulnerability to geopolitical shocks.

• Boosting green growth: Developing local expertise in battery tech and critical-mineral processing aligns with global climate goals and India’s Vision 2070.

• Supporting energy transition: As solar capacity grows, energy storage systems become critical to ensure grid stability, uninterrupted power supply, and efficient EV adoption

Future Outlook

1. A recently announced ₹1 lakh‑crore (US $12 billion) innovation fund will support R&D in next-gen battery chemistry, solid-state batteries, and recycling technologies
2. Collaboration with global partners—such as the India–U.S. pact on critical minerals—underscores India’s ambition to lead in energy storage and battery ecosystems