Amara Raja Batteries Ltd on Saturday held a grand groundbreaking ceremony for Telangana’s first gigafactory in Mahbubnagar district to produce Lithium Cell and Battery Packs, with an ultimate capacity of upto 16 GWh and 5 GWh respectively. A release from the battery maker said the event was graced by Telangana Minister for Industries KT Rama Rao, Founder, Amara Raja Group Ramachandra N Galla, Chariman and Managing Director, ARBL Jayadev Galla.
ARBL had earlier said it will be investing over Rs 9,500 crore, over a period of 10 years for setting up research and development, and a greenfield manufacturing facility for lithium-ion battery-making in Telangana.
The facility also aims to create direct employment for about 4,500 people and a similar number of indirect jobs that will make significant contributions to the socio-economic development in the region.
“The Bhoomi pooja marks a significant milestone in our journey and our strategic step is not just limited to setting up of the Giga Corridor but to provide non-migratory jobs to the local youth.
Source: Economic Times
