MoS Visits India’s First Lithium Cell Manufacturing Plant

- Advertisement -

India is committed to reach $300 bn worth of electronics manufacturing and exports by 2025-26, says the Minister

The Minister of State (MoS) for Electronics and Information Technology, Rajeev Chandrasekhar recently visited India’s first lithium cell manufacturing facility of Munoth Industries. It is located in the Electronics Manufacturing Cluster of Tirupati, Andhra Pradesh. It must be noted that this state-of-the-art facility is located in one of the two Electronics Manufacturing Clusters set up in the temple town, by the Prime Minister in 2015. Chennai-based Munoth Industries Limited prepared it with an outlay of Rs 165 crores.

During the visit, Chandrasekhar stated that India can achieve the target of $300 billion worth of electronics manufacturing and exports by 2025-26. For achieving this, he added, the central government is committed to partnering with all states to support startups and entrepreneurs keen on investing in this sector.

- Advertisement -

Target: $300 Bn

He said, “It is an honour and privilege to be on this blessed land of Tirupati – the abode of Sri Venkateswara. It is also one day before the birthday of our Prime Minister. For me, it is personally very fitting to be in Tirupati EMC and in India’s first lithium cell manufacturing plant.” Elaborating on the government’s vision to hit the target of $300 bn worth of electronic manufacturing and exports by 2025-26, he added that it translates to Rs 25 lakh crores, 24 times more than what it was when PM Modi took over in 2014 – 1.10 Lakh crores.

It is noteworthy that the commercial production and formal opening of the concerned lithium-ion factory will take place in October. The installed capacity of the plant at present is 270 Mwh and can produce 20,000 cells of 10Ah capacity per day.

Applauding the Electronics Manufacturing Clusters for being a step in the direction of making India the global hub of electronic manufacturing, the minister said, “The Electronics Manufacturing Clusters are fast becoming centres of creation of electronics manufacturing, innovation and jobs. They will be playing a big role in the future and shape India’s Techade in both design innovation and electronics manufacturing that are important areas of interest for our youth.”


 

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

“Don’t Let Designations Become A Wild Goose Chase”

0
In his childhood, he possessed just one sweater, meant to last through many winters. He could not join IIT Roorkee because the cost of...

“Capitalise On ‘China Plus Two,’ Where Products With Higher Value Addition Become The Focus”

0
EPIC Foundation aims to transform India into an electronics hardware product nation by collaborating with governments, universities, design houses, and startups. In a conversation...

Exclusive: Electric Two And Three Wheelers In Focus For AMP 2030

0
It seems that the Indian government is going to focus on electric two— and three-wheelers. Taking these beyond Tier 1 and 2 Indian cities...

Buzz

Ultraviolette Aims For European And Middle Eastern Expansion

0
Niraj Rajmohan, Co-Founder and CTO of Ultraviolette stated that 2024 is set to mark the company’s foray into international markets while simultaneously strengthening its...

Chargeup’s Goal: 25,000 Drivers In 17 Cities By 2025, Prioritizing Smaller Cities

0
Chargeup, the forefront battery financing and comprehensive EV asset management platform in India, is on a mission to integrate 100,000 drivers within the upcoming...

Ampere Nexus, Electric Scooter Launching April 30th

0
Greaves Electric Mobility’s Nexus, having recently traversed the distance from Kashmir to Kanyakumari, is set to be the brand’s inaugural luxury electric scooter and...

Important Sectors

Ultraviolette Aims For European And Middle Eastern Expansion

0
Niraj Rajmohan, Co-Founder and CTO of Ultraviolette stated that 2024 is set to mark the company’s foray into international markets while simultaneously strengthening its...

Ampere Nexus, Electric Scooter Launching April 30th

0
Greaves Electric Mobility’s Nexus, having recently traversed the distance from Kashmir to Kanyakumari, is set to be the brand’s inaugural luxury electric scooter and...

Ford Investes In Expanding EV Software Capabilities At Chennai Hub

0
Ford Business Solutions India, presently with a staff of 12,000, is poised to expand by an additional 3,000 employees. Ford, recognized for its efforts...
solar panels

Tata Power Solar And Indian Bank Forge Partnership To Propel Residential Solar Adoption

0
This collaboration aims to facilitate easy access to financing for homeowners, setting the stage for a greener future. Tata Power Solar Systems Limited (TPSSL) has...

Log 9 Enters EV Asset Management Via Amphion

0
Commercial electric vehicle asset management and finance is becoming one of India's biggest emerging business opportunities. Here's Log 9 joining the segment! Log 9 has...

Manufacturing

Honda plans major EV factory construction in Canada,

0
Honda's dedication to this facility reflects its wider ecological objectives, which include a target to only offer zero-emission vehicles by 2040 and to attain...
Sona Comstar

Sona Comstar Launches Mexico Plant For North American EV Demand

0
The new facility, established to address the increasing demand for premium driveline solutions for BEVs in North America, will focus on manufacturing differential assemblies...

Sterling Tools Inks MoU With Yongin For EV Components Facility

0
Sterling Tools announced that this strategic partnership is anticipated to bring in Rs 250 crore in business over the next five years. This collaboration...

Tata Elxsi-Renesas MCU Boosts EV Cost Efficiency And Market Speed

0
The Motor Control Unit's modular, scalable design facilitates integration across various EV applications, reducing time to market by 40%, lowering design and development costs...

Ramkrishna Forgings To Supply Powertrain Parts To Top US Electric Carmaker

0
Indian producer of rolled, forged, and machined products enter the US electric vehicle market for the first time. Ramkrishna Forgings, an Indian supplier of rolled,...