Insta
Japanese Firms Suzuki, Toshiba And Denso To Turn Their Li-Ion Battery Manufacturing Plant In Gujarat Into An Export Hub
Gujarat Chief Minister Vijay Rupani. (@vijayrupanibjp/Twitter)
In a big win for the government's Make in India programme and Prime Minister (PM) Narendra Modi's clarion call for the building of an Atmanirbhar Bharat, Japenese companies Suzuki Motor Corporation, Toshiba Corporation and Denso Corporation plan to turn their under construction joint Lithium (Li)-ion battery manufacturing unit in Gujarat into a global export hub, reports Livemint.
The first such facility in India for manufacturing of Li-ion cells, the unit called TDS Lithium-ion Battery Private Limited is set to open up in April with the assembling of battery packs. Eventually, the factory will graduate to domestic production of the Li-ion cells around 2024-25.
The three Japanese firms had come together in 2017 to announce the joint venture to invest Rs 1,250 crore in Gujarat's Hansalpur to build the manufacturing and assembly facility. Subsequently, the three firms had signed a memorandum of understanding (MoU) with the state government to invest a total of Rs 4,930 crore to manufacture 30 million lithium cells a year.
According to M K Das, Gujarat's additional chief secretary for Industries and Mines, the three firms have big expansion plans in the coming year in a phased manner.
"They not only want to cater to the domestic market but, given that Gujarat also has port facilities, they also will be able to have market access in other countries as well," Das was quoted as saying.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
