Tata Group lines up Rs 13,000 crore for setting up lithium-ion cell facility in Gujarat

Gujarat CM Bhupendra Patel at the signing of the MoU (Image: @Bhupendrapbjp/Twitter)

Tata Group has committed an investment of Rs 13,000 crore to set up a lithium-ion cell manufacturing unit in Gujarat, CNBC-TV18 has reported.

The initial manufacturing capacity of the plant would be 20 gigawatts hours, the channel said.

A Memorandum of Understanding (MoU) was signed between the Government of Gujarat and Agartas Energy Storage Solution, the Tata Group subsidiary, in the presence of Chief Minister Bhupendra Patel.

The manufacturing facility is anticipated to meet the country's rising demand for lithium-ion batteries. The announcement comes as the government is making a significant push for electric mobility in the country.

Expressing hope that the manufacturing unit will generate large-scale employment, the CM tweeted the project will help in establishing a lithium-ion cell manufacturing ecosystem in the state.

"As the state government commits to a vision to reduce carbon emissions by increasing the production of electric vehicles, reliance on lithium-ion batteries will also increase significantly as EV usage increases," the CM tweeted in Gujarati.

ગુજરાતમાં દેશની પ્રથમ લિથિયમ-આયન સેલ મેન્યુફેક્ચરીંગ ગીગા ફેક્ટરીની સ્થાપના માટે રાજ્ય સરકાર અને ટાટા ગ્રુપ વચ્ચે આજે MoU થયા. રાજ્યની નવી ઈલેક્ટ્રોનિક્સ પોલિસીની ફળશ્રુતિ રુપે થયેલ આ MoU અંતર્ગત પ્રથમ તબક્કે રૂ. 13,000 કરોડના રોકાણ સાથે 20 ગીગાવોટનો પ્લાન્ટ સ્થપાશે, જે થકી મોટા… pic.twitter.com/Xi1gvw2WLD

— Bhupendra Patel (@Bhupendrapbjp) June 2, 2023