Japanese Firms Suzuki, Toshiba And Denso To Turn Their Li-Ion Battery Manufacturing Plant In Gujarat Into An Export HubGujarat 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.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement