A Memorandum of Agreement for transfer of technology for India’s first Lithium Ion (Li-ion) Battery project has been signed.
The agreement was signed between Central Electro Chemical Research Institute (CECRI), Karaikudi, Tamil Nadu under Council of Scientific and Industrial Research (CSIR) and RAASI Solar Power Pvt Ltd in the presence of Science and Technology Minister Dr Harsh Vardhan on Saturday, a Ministry release said here on Sunday.
A group at CSIR-CECRI headed by Dr Gopu Kumar had developed an indigenous technology of Lithium-ion cells in partnership with CSIR-National Physical Laboratory (CSIR-NPL) New Delhi, CSIR- Central Glass and Ceramic Research Institute (CSIR-CGCRI) Kolkata and Indian Institute of Chemical Technology (CSIR-IICT) Hyderabad.
Currently, Indian manufacturers source Lithium Ion Battery from China, Japan and South Korea among some other countries. The country is one of the largest importers and in 2017, it imported nearly 150 million Dollar worth batteries.
Dr Harsh Vardhan said, the project is in tune with Prime Minister’s vision of “Make in India”, to turn India into a manufacturing hub and to cut down outflow of foreign exchange.
Raasi Group will set up the manufacturing facility in Krishnagiri district of Tamil Nadu.
Li-Ion batteries have applications in energy storage system – from hearing aid to container sized batteries to power a cluster of villages, electric vehicles (2-wheeler, 3-wheeler, 4-wheeler and bus), portable electronic sector, grid storage, telecom and telecommunication towers, medical devices, household and office power back (UPS).