Panasonic, a Japanese conglomerate is expected to open a battery manufacturing plant in India under the government’s production-linked incentive (PLI) scheme for ACC battery storage, reported TOI.

A high-level delegation from the Japanese company held talks with senior functionaries of the government in the first week of this month, said top officials of the company.

Niti Aayog CEO and G20 Sherpa Amitabh Kant and Heavy Industries secretary Kamran Rizvi met Kazuo Tadanobu, global president and CEO of Panasonic Energy with other Japanese team members of Panasonic. Manish Sharma, Panasonic Life Solutions Chairman, India was also present at the meeting.

The company has informed the Indian government of its plans to consider the country for a battery manufacturing operation.