State ready for Giga-Scale Li-ion battery making unit

Hyderabad, June 7 (Maxim News): Chief Secretary S K Joshi today reiterated the commitment and readiness of the State government 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, Joshi said Telangana was ideally suited for hosting 5GWh capacity battery manufacturing plant as envisioned by the Government of India. He explained that Telangana has a 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.

The Government of India recently set up National Mission on Transformative Mobility and Smart Storage comprising 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, subsidies and incentives to ancillary units. The State has one of the most proactive and business-friendly electronics manufacturing policy in the country

Amitabh Kant congratulated S K Joshi on his expression of interest to host and accommodate the Giga-Scale Li-ion battery manufacturing plant. He also said some five States would be chosen for this initiative. He also said States should create demand as per the Government of India mandate of converting all three-wheelers in India to electric by 2023 and converting all two-wheelers to electric by 2025. These incentives should include soft loans to State Discoms, rooftop installations and micro grids. (Maxim News)