India is one of the largest importers, and in 2017 it imported nearly $150 million worth lithium-ion batteries," it said"Today&batteries factory39;s development is a validation of the capabilities of CSIR and its laboratories to meet technology in critical areas to support our industry, besides other sectors," said Science and Technology Minister Harsh Vardhan. 

A new agreement on the first transfer of lithium-ion batteries has been signed between the government-run Central Electro Chemical Research Institute (CECRI) and RAASI Solar Power Pvt Ltd, an official statement said."CSIR-CECRI has set up a demo facility in Chennai to manufacture prototype lithium-ion cells."We want to bring down the cost of cell manufacturing below Rs 15,000 per KW to replace the lead acid battery," Raasi Group Chairman C.A new statement from the ministry reveals that the technology has been developed by CECRI scientists.The native technology of lithium-ion cells has been developed by a group of scientists at the Council for Scientific Industrial Research (CSIR)'s CECRI in Tamil Nadu's Karaikudi in partnership with CSIR-National Physical Laboratory, # CSIR-Central Glass and Ceramic Research Institute, Kolkata and CSIR-Indian Institute of Chemical Technology, Hyderabad, it said.

The primary focus of these lithium-ion batteries is to replace lead-acid batteries. The official statement from the Science and Technology Ministry also states that this MoU (Memorandum of Understanding) is the first of its kind for the country.According to the MoU, the Raasi Group will most likely set up a manufacturing facility in Krishnagiri district of Tamil Nadu.The ministry also states that the original source of lithium-ion batteries for India are from China, Japan, South Korea and few other countries. And lastly, these batteries can power electrical applications and can eliminate the necessity of wires. It has secured global IPRs with a potential to enable cost reduction, coupled with appropriate supply chain and manufacturing technology for mass production," it added. CSIR-CECRI has set up a demo facility in Chennai to manufacture prototype lithium-ion cells.Narsimhan said in a statement

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