India’s battery energy storage systems (BESS) market is on the rise, with projections to surpass USD 30 billion by 2030. Last year, the country added 341 MWh of new capacity, while targets for 2047 stand at 1,840 GWh. Rapid expansion in solar, wind and hydro power is fuelling demand for storage solutions and creating ample opportunities for foreign investors. Key areas of opportunity include developing local supply chains, establishing manufacturing capabilities, advancing grid technologies and battery recycling and taking part in major utility-scale projects. Incentives such as customs duty waivers, production-linked benefits and exemptions from transmission charges make India increasingly attractive for overseas firms. Despite challenges such as high project costs and evolving regulatory frameworks, India’s BESS sector remains promising. Partnering with local specialists, such as Asian Insiders, can help foreign enterprises navigate the market, identify partners and develop sales channels for success. Subscribe to Asian Insiders for expert insights on Asia’s biggest opportunities!