As per a Global Times report that drew on Bloomberg, individuals with knowledge of the situation disclosed that India's Reliance Industries has made a temporary modification to its plan of manufacturing lithium - ion batteries within India. This adjustment comes as a result of its inability to secure advanced foreign technologies.

In recent times, India has been vigorously promoting the growth of its new - energy battery manufacturing sector. The overarching goals are to expedite the domestic energy transition, spur the development of the new - energy vehicle industry, and back its ambition to achieve carbon neutrality by 2070.

However, a persistent lack of core technologies has been a major roadblock for the development of India's home - grown battery manufacturing industry. Initially, Reliance Industries had grand plans to invest billions of rupees in setting up a massive lithium - ion battery factory. The company aimed to kick - start cell manufacturing in 2026.

But due to the snags in technology transfer, it has had no choice but to put all lithium - ion battery production plans on hold and re - evaluate whether it's feasible to move forward with cell manufacturing in India. At present, Reliance Industries has redirected its business focus towards the assembly and integration of battery energy storage systems.

It's not just Reliance Industries facing this predicament. Other Indian clean - energy behemoths like the Adani Group and JSW Group are also encountering similar technology transfer obstacles. These barriers are standing in the way of large - scale new - energy battery production in India.