Tata Group has signed a memorandum of understanding with the state government of Gujarat to set up a 20 GWh lithium-ion cell manufacturing factory in Gujarat. It will build the proposed facility with an estimated investment of INR 13,000 crore ($1.57 billion) in the initial phase.
According to a government release, the plant is expected to generate direct and indirect employment for more than 13,000 people.
Building a domestic lithium battery manufacturing base is crucial for India to meet the surging demand arising from the decarbonization of the transport and electricity sectors. While lithium-ion battery manufacturing capacity has been proliferating globally, battery manufacturing in India is yet to take off. As a result, India is dependent on imports to meet its battery requirements.
According to a CEEW study, India’s lithium-ion battery imports touched $1.8 billion in 2022, which included $1.6 billion (or over 85%) worth of imports from China (including Hong Kong) alone.
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