The project is expected to add about 1400 employment opportunities, and follows a meeting between Exide’s managing director Subir Chakraborty and chief minister Basavaraj Bommai
Battery maker Exide Industries has announced it is planning an investment of about INR 6000 crore in building a lithium-ion cell manufacturing unit in Karnataka.
This proposal is for one of India’s largest giga factories for advanced cell chemistry technology. The company has sought 80 acres of land at Haraluru industrial area near the Bengaluru international airport.
The project is expected to add about 1400 employment opportunities, and follows a meeting between Exide’s managing director Subir Chakraborty and chief minister Basavaraj Bommai.
Industries Minister Murugesh R Nirani welcomed the investment and said the government will extend support to see early commissioning of the project. He also assured the investors that Karnataka provided them with the best investor friendly climate and cited the highest FDI inflows in the last three quarters as evidence to this.
Industrial Development Commissioner Gunjan Krishna said Exide’s proposed venture will help the state to build products for a global market. The government, she added, will do its best to encourage big ticket investments around Bengaluru.
