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Telangana ready to set up Giga-Scale Li-ion Battery Manufacturing Plant
Telangana ready to set up Giga-Scale Li-ion Battery Manufacturing Plant

Telangana ready to set up Giga-Scale Li-ion Battery Manufacturing Plant

Hyderabad: Chief Secretary of Telangana S K Joshi has reiterated the commitment and readiness of the State to establish a Giga-Scale Li-ion battery manufacturing plant in the State.

At a Video Conference held today by CEO of NITI Aayog Amitabh Kant, S K Joshi has emphatically stressed that Telangana is ideally suited for hosting 5GWh capacity battery manufacturing plant as envisioned by the Government of India.

He explained that Telangana has readily available land bank of 200 acres close to the airport and Outer Ring Road, with ready to supply power and water at discount, with access to skilled workforce.

Government of India has recently setup National Mission on Transformative Mobility and Smart Storage comprising of an Inter-ministerial Steering Committee of Secretaries headed by CEO of NITI Aayog.

Telangana State qualifies for all the criteria for selection including single window mechanism under TS-iPASS, encumbrance free land, trunk infrastructure, access to adequate utilities at rational rates, including subsidies and incentives to ancillary units.

Telangana already has one of the most proactive and business-friendly electronics manufacturing policy in the country and has India’s largest electronic manufacturing cluster close Rajiv Gandhi International Airport.

Amitabh Kant congratulated S K Joshi on his expression of interest to host accommodate the Giga-Scale Li-ion battery manufacturing plant, and said that around 5 states in India would be chosen for this initiative.

He also said that States should create demand as per the Government of India mandate of converting all 3-wheelers in India to electric by 2023 and converting all 2-wheelers to electric by 2025. These incentives should include soft loans to State Discoms, rooftop installations and microgrids. (INN)

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