Explorer

Ashwini Vaishnaw Says Electric Mobility Remains The Government’s Priority

The minister informed that this EMC facility in Mahabubnagar will focus on battery packs, and manufacturing and lithium batteries, key for the rapidly developing EV industry in our country.

Union Minister for Electronics and IT, Ashwini Vaishnaw, laid down the foundation stone for four manufacturing units at the Electronic Manufacturing Cluster in Mahabubnagar district in Telangana on Saturday. 

The minister in the event said the electric mobility remained a priority for the government and stressed that the authorities remained committed to developing the infrastructure and ecosystem required for pushing forward the adoption of EVs, reported PTI.

Vaishnaw further said, “We welcome Indian innovation and manufacturing initiatives and look forward to the success of this endeavor,” an official release noted.

The minister informed that this facility will essentially focus on battery packs, and manufacturing and lithium batteries, key for the rapidly developing EV industry in our country. "The Centre in collaboration with the state government is supporting the project, with the Centre providing funds for infrastructure," Vaishnaw stated.

Also Read : Five Money Secrets That Can Help Boost Your Wealth And Make Your Life Better

The foundation for the upcoming Giga Factory-1 of Amara Raja company was also laid out in the ceremony. Further, the critical minerals refining and battery recycling unit of Lohum firm, the first LFP-CAM Giga Factory of Altmin, and the cell casing manufacturing unit of Scell Energy were also initiated during the event.

Ministry of Electronics and IT's EMC 2.0

Notably, the Ministry of Electronics and IT (MeitY) notified the Modified Electronics Manufacturing Cluster (EMC 2.0) Scheme recently to help strengthen the electronics manufacturing industry in the country and help promote the EV manufacturing and supply chain. 

As part of the scheme, the authorities approved the establishment of Electronic Manufacturing Cluster (EMC) project spread over an area of 377.65 acres at Divtipally village in the state.

Notably, Amara Raja Advanced Cell Technologies (ARACT), the wholly-owned subsidiary of Amara Raja Energy and Mobility (ARE&M), inked an MoU with the Telangana government in 2022 to establish the Amara Raja Giga Corridor where the firm would establish Lithium Cell and Battery Pack Manufacturing facilities of up to 16 GWh and 5GWh respectively for domestic and international markets.

Also Read : Tariff Developments, Inflation Data To Impact Trading, Markets To Remain Closed For Holi Next Week

Top Headlines

As Costs Rise, Are Indian Households Becoming More Credit Conscious?
As Costs Rise, Are Indian Households Becoming More Credit Conscious?
Michael Jackson Biopic ‘Michael’ OTT Release: Film Arrives On Two Platforms
Michael Jackson Biopic ‘Michael’ OTT Release: Film Arrives On Two Platforms
ChatGPT Maker OpenAI Takes Big Step Towards Historic IPO - All You Need To Know
ChatGPT Maker OpenAI Takes Big Step Towards Historic IPO - All You Need To Know
Quote Of The Day | Mukesh Ambani’s 3 Powerful Lessons On Success For Young People
Quote Of The Day | Mukesh Ambani’s 3 Powerful Lessons On Success For Young People

Videos

Zojila Tunnel Breakthrough: Final Blast Connects Kashmir Valley and Ladakh
Breaking: BJP Challenges Meenakshi Natarajan’s Rajya Sabha Nomination, Alleges Disclosure Lapses
Breaking: India Raises Human Rights Concerns in PoK, Flags Reports of Police Excesses
Breaking: CID Team Reaches Mamata Banerjee’s Kalighat Office, Political Heat Intensifies in West Bengal
Breaking: SP Leader Sparks Row, Claims Suryakumar Yadav Lost T20 Captaincy Due to His Caste

Photo Gallery

25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Embed widget