Budget Reaction 2023 quote: Electric Vehicle/Green-Tech/Technology/Battery, Green Energy/Automobile/Sustainable and Ad &Marketing/Battery/Cells

Mr. Pankaj Sharma, Co-Founder & Director, Log9 Materials:

The proposed Customs duty exemptions on the import of capital goods and machinery required for the manufacturing of lithium-ion batteries bring in a new lease of life for all battery manufacturers as it would help accelerate the country’s production capacity and also gives the much-needed momentum to the country’s vision to become self-sufficient in its EV needs.