Business
India's First Lithium Cell Manufacturing Plant At Tirupati Likely To Begin Commercial Production From Next Month
Munoth Industries' Lithium Cell Facility at Tirupati
India's first lithium cell manufacturing is slated to start commercial production of battery cells from next month, according to an Electronics and IT Ministry statement.
The state-of-the-art facility has been set up by the Chennai based Munoth Industries Limited an outlay of Rs 165 crores.
The facility is located in one of the two Electronics Manufacturing Clusters (EMCs) set up in the temple town, by Prime Minister Narendra Modi in 2015.
Union Minister of State for Electronics and IT Rajeev Chandrasekhar visited the facility on Friday (16 September).
“Our vision is to edge past the target of $300 billion worth of electronic manufacturing and exports by 2025-26. It translates to Rs 25 lakh crore, 24 times more than what it was when PM Modi took over in 2014 - Rs 1.10 Lakh crore,” he said.
The Government’s proactive policies and well-calibrated programmes will support every startup, every entrepreneur to make this dream a reality, he added.
"The commercial production and formal opening of the lithium-ion factory is slated for next month. The installed capacity of the plant at present is 270 Mwh and can produce 20,000 cells of 10Ah capacity daily," the statement said.
The minister also visited the facilities of Dixon Technologies and United Telelinks located in the two EMCs, the statement added.
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