JSW Group, one of India’s leading conglomerates, has signed a historic Memorandum of Understanding (MoU) with the Government of Odisha. Under this agreement, JSW Group will have an integrated Electric Vehicle (EV) And will set up EV battery manufacturing project. This project will provide employment to more than 11,000 people with an investment of Rs 40,000 crore.
Employment generation in Odisha
This ambitious project will contribute significantly to employment generation in Odisha. The project will also promote employment opportunities in supporting and supporting services. It will also accelerate the growth of MSMEs, which will open up many opportunities in the automobile component supply chain and service sector. JSW Group is also committed to training the local workforce, which will ensure that the benefits of this industrial development are widespread, thereby improving the employability of the youth of the state.
Significant contribution to India’s EV manufacturing capabilities
The support of the special incentive package for the project by the Government of Odisha reflects the state’s commitment to promote industrial development and technological innovation. This initiative is expected to not only improve the industrial landscape of Odisha but will also significantly contribute to India’s EV manufacturing capabilities.
foundation of the future
Odisha Chief Minister Naveen Patnaik said, “We are focused on leveraging the opportunities presented by the new age sectors, with the aim of creating high skilled employment opportunities for the people of Odisha. Through our partnership with JSW Group Through this, we are laying the foundation for a future where innovation will drive our industrial growth, ensuring that Odisha’s youth have access to the skills and jobs that will define the economic growth of the next generation.”
Statement from JSW Group Chairman
JSW Group Chairman Sajjan Jindal said, “Our long-standing relationship with Odisha and its people is the cornerstone of our new venture. This project is an important milestone in our journey and further reflects our commitment towards the growth and prosperity of the state. reflects. By integrating our operations within the vibrant ecosystem of Odisha, we aim to create a symbiotic relationship for all stakeholders, which promotes growth and innovation and creates numerous highly skilled employment opportunities. “It is a testament to our confidence in its potential and our dedication to making a positive contribution to its economic landscape.”
These things will be manufactured
The project will include a 50 GWh EV battery plant, EV, lithium refinery, copper smelter and related component manufacturing units. The MoU signing ceremony was attended by Chief Minister Naveen Patnaik, Industries Minister Pratap Keshari Dev, 5T Initiative Chairman V.K. Pandian, JSW Group Chairman Sajjan Jindal, senior officials of the Government of Odisha, representatives of major industry associations, technical and professional educational institutions and other dignitaries were present.