Battery Recycling Companies Policy In Budget 2023 In India

Battery Recycling Companies Policy in Budget 2023: Union Finance Minister Nirmala Sitharaman is going to present the budget on February 1, 2023. Lithium-ion battery recycling business is expected to grow in this budget. In the budget, the Modi government (Modi Govt) of the Center can announce a policy regarding battery recycling. Know how much it is likely to live.

Policy can come in the budget

The central government may propose an allocation of about Rs 3,500 crore for a period of about 3 years. The same step can be taken to fulfill its international commitment on cutting carbon emissions of the country. In this, the government is expected to announce a policy in the Union Budget for greater adoption of electric vehicles. According to sources, this policy will focus on cluster-based recycling units. Which are located near battery manufacturing factories and established in the country with government incentives.

Government will identify

Business in Indian recycling units, adding that the government will now identify clusters where recycling units can be set up.

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