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Economy - January 8, 2025

Tax all new technology batteries uniformly at 5% GST: IESA

Tax all new technology batteries uniformly at 5% GST: IESA

India Energy Storage Alliance wants all battery technologies to have a uniform GST of 5% like electric vehicles to support the sector. President Debi Prasad Dash suggests government aid to domestic battery component manufacturers. Imports of lithium-ion cells have increased, and the PLI scheme was introduced to support Indian manufacturers. Further steps for industry protection are advised.

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