Hyderabad: Chief Minister of Telangana A. Revanth Reddy along with Mahesh Godi, Founder & CEO, GODI India Private Limited, announced the setting up of a 12.5 GWh cell manufacturing with an investment outlay of Rs 8000 crore from GODI for setting up of a Lithium and Sodium Ion and related technologies R&D and Giga scale cell manufacturing facility in Telangana, over a period of five years.
A Memorandum of Understanding was signed between the State Government of Telangana and GODI India today at the World Economic Forum in Davos.
The proposed project has an employment generation potential of 6,000 in Phase 1. The project aims to have a 2.5 Gwh cell assembly line in Phase 1, with planned expansion to 10 Gwh in the second phase.
Setup in 2020, GODI has swiftly emerged as a key player in the energy storage domain. In a short duration, GODI achieved milestones such as developing a Li-ion pouch and cylindrical prototype cells in its Li-ion pilot production line. GODI has future innovations in the pipeline, including sodium-ion and solid-state battery technologies, and establishing a cutting-edge cell manufacturing facility, catering to sectors such as defence and aerospace, solar and wind, telecommunications, electric vehicles, and electronics.
Chief Minister Revanth Reddy welcomed the investment and said that the new Government of Telangana is working towards promoting the adoption of electric vehicles and establishing a comprehensive EV & ESS ecosystem in the State.
He further added that the proposed project is aligned with the State’s vision of promoting the adoption of electric vehicles and GODI will be a key player in Telangana’s ESS ecosystem.
Mahesh GODI thanked the Government of Telangana for their support and cooperation and said that he is confident GODI will play a key role in enabling and creating an ecosystem of EV & Energy Storage companies in Telangana.
“There is a groundswell of positivity and confidence in the business propensity and growth of Telangana after a Congress government under the leadership of CM Revanth Reddy took charge,” he said.Minister for Industries and ITE&C D. Sridhar Babu, Principal Secretary ITE&C Jayesh Ranjan IAS, and Special Secretary Investment Promotion Vishnu Vardhan Reddy were also present during the meeting. (INN)