Tata Group has inked a pact with the Gujarat state government to erect a giga-factory for manufacturing lithium-ion cells, with an initial estimated investment of about 130 billion rupees ($1.6 billion).
This one-of-its-kind, first-ever giga-factory in Gujarat is reckoned to have a production capacity of 20 GWh. The factory is estimated to provide direct and indirect employment to more than 13,000 people.
This deal maneuvers the state’s commitment towards increasing carbon-free, energy-efficient, and clean energy production by supporting the production of electric vehicles, resulting in controlling carbon emissions.
The Government of Gujarat and theTata Group concluded an MOU in Gandhinagar. This MOU is an upshot of the lately formulated Electronics Policy.
At the time, the CEO of Tata Group’s subsidiary– Tata Agaratas Energy Storage Solutions Private Limited, along with other officials, and the Secretary of Science and Technology of the Government of Gujarat, Mr. Vijay Nehra, and Chief Minister Bhupendra Patel, signed and exchanged the Memorandum of Understanding (MoU).
“Gujarat’s remarkable progress in achieving Prime Minister Narendra Modi’s vision of net zero carbon emissions includes a commitment to 100 percent electric vehicle adoption and a significant reduction of 50 percent in carbon emissions by 2030,” according to a state government communique posted on its website.
The setting up of the factory will bolster the usage of EVs, eventuating dependence on lithium-ion batteries. With this, Gujarat will lead in lithium-ion cell manufacturing and expectedly receive assistance setting up a battery manufacturing ecosystem in the state.