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Li-ion battery companies to set anchor in TS

Li-ion battery companies to set anchor in TS

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Hyderabad to have 200-acre electric vehicle park

Telangana is all set to have three major lithium-ion (Li-ion) battery manufacturing companies, with a total capacity of 10 GW, setting anchor in an electric vehicle park in the city. Speaking to the media on the sidelines of Electric Vehicle Summit-2019 on Wednesday, Sujai Karampuri, director of Electronics, Department of Information Technology, Electronics and Communications, did not disclose the names of the companies, but said the combined initial investment size would be upwards of ₹1,500 crore.

Touching upon the nature of these companies, he said they would work under the joint venture model. “In phase-I, they start with 1 GW. Then, they go up to 5 GW. So, phase-I would cost ₹1,500 crore, but it would translate to approximately ₹ 6,000 crore,” said Mr. Karampuri as he pointed out that the combined capacity of the three plants would be around 10 GW. The companies, he said, would start the construction of the manufacturing units in about a month. It takes between nine months and 15 months to begin operations.

The State government has earmarked 200 acres in E-City and Maheshwaram to develop an electric vehicle park. This, Mr. Karampuri said, could be scaled up to 800 acres to 1,000 acres. To build an electric vehicle ecosystem, the government has been offering companies several incentives such as low land prices and power and water at discounted rates. Mr. Karampuri said the State government has prepared a draft EV policy and has been seeking responses from organisations and industry. This, he said, would be ‘over and above the national framework’ on electric vehicles. The State government has not only been looking for battery pack manufacturers, but also cell manufacturers. Component manufacturers have also evinced interest.

He pointed out that the Centre’s Faster Adoption and Manufacturing of Electric Vehicles in India Phase-II seeks to give a major boost to electric two, three and four-wheelers, and buses as well.

Source : thehindu
Anand Gupta Editor - EQ Int'l Media Network