Amperia Lithium Battery Manufacturing has proposed an investment of ₹1,210 crore at Gowribidanur in the neighbouring Chikkaballapur district to manufacture lithium batteries for electric vehicles. The firm will be sourcing the technology from Singapore.
The land audit for this investment is over, and the high-level committee, headed by the chief minister, will formally clear the investment in about a month’s time, industries minister RV Deshpande told ET
The facility will come up on a 88-acre plot, and create 600 jobs, he added.
Amperia included, the government has received three major investment proposals under its new electric vehicle and power storage policy, and two of them have been cleared last month, the minister said.
The two other projects cleared last month are: ₹495 crore investment from Goldstone InfratechNSE 5.00 % to manufacture electric buses and electric vehicles on a 150-acre plot in Bidar; and Mahindra Mobility’s ₹145 crore proposal to set up its R&D facility for evaluation and testing of EVs at Aerospace and Defence Park at Devanahalli.
The state has attracted investment proposals of ₹1,000 crore plus in EV and battery storage sector in the two months following the policy was notified, the minister said.
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