Hyderabad (Telangana) [India],
According to the Ministry of Information and Broadcasting, as part of the ceremony, Foundation Stone was placed for the upcoming Giga Factory-1 of Amara Raja Company, the ground-breaking ceremony was organized for refining and battery recycling for important minerals of Loham Company, which was organized by Cell Energy, and Ground-Braching ceremony was organized by Cell Energy and Elastic Stone to Elapne Forum Forum Stone.
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Addressing the gathering at the Foundation Stone laying ceremony, Ashwini Vaishnav said, “Electric mobility remains a focus area for the government and we are committed to developing the right infrastructure and ecosystem for promoting and adoption of EVS. We welcome Indian innovation and manufacturing initiatives and are ready to the success of this effort. ,
As part of its objective to strengthen electronics manufacturing ecosystem in India and promote EV manufacturing with its supply chain; The Ministry of Electronics and IT (Matty) notified the revised Electronics Manufacturing Cluster (EMC 2.0) scheme, under which it approved the establishment of Electronics Manufacturing Cluster (EMC) project in the area of 377.65 acres in Divittipali village, Mahabubnagar district last year.
M/S Amara Raja is working as an advanced cell technology (ARACT), anchor unit and is setting up more than 262 acres of land with 16 GW cell manufacturing and 5 GW battery pack plant in this EMC, with an estimated investment of Rs 9,500 crore over a period of 5 years.
Once operations are operational, the Amara Raja Giga Corridor is expected to make direct employment for 4,500 people and to contribute significantly to the socio-economic development of the region, in a similar number of indirect jobs in the state.
The Electronics Manufacturing Cluster has been completely occupied with an estimated investment of Rs 10,574 crore with 4 companies (ie, M/S Amara Raja, M/S Laham content and M/S Scale Energy) and is committed to provide employment to 19,164 (direct-5,864) with an allocation of 307.47 acres of land (ie, M/S Amara Raja, M/S Laham content and M/S Scale Energy).
Jaydev Galla, Chairman and Managing Director, Amara Raja Energy and Mobility Limited expressed his enthusiasm and said, “Foundation Stone laying ceremony is a big step for our company and group. We are grateful to the Government of India under the leadership of Prime Minister Narendra Modi and under the leadership of Minister Aswini Vaishnav, who are for being active and active.
The program saw the participation of IT, Electronics, Industry and Legislative Affairs of the Government of Telangana, D Sridhar Babu, Mehboobnagar constituency Aruna DK member of Parliament and member of Legislative Assembly Y Srinivas Reddy. Senior officials of state government and industry representatives were also present. (AI)
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