June 15, 2024


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Exide to invest Rs 6000 crore in Karnataka: Minister Nirani

India’s largest Lithium-Ion cell manufacturing Giga factories for Advanced Cell Chemistry Technology

Expected employment generation 1200 -1400

Bengaluru, March 31: Exide Industries MD & CEO, Subir Chakraborty, met Large & Medium Industries minister Dr Murugesh R Nirani on Thursday and assured that the company would invest Rs 6000 crore in a Lithium-Ion cell manufacturing Giga factory in the state.

The meeting was held at Karnataka Udyog Mitra office. Chakraborty said the project is expected to generate 1200 -1400 employment opportunities and this will be one of India’s largest Giga factories for Advanced Cell Chemistry Technology. Exide has requested 80 acres of land in the Haraluru Industrial Area near Bengaluru airport.

Dr Nirani said the government would extend all cooperation to the company and wished that project would executed soon. “The Basavaraj Bommai led government was pro-active in attracting investments. The investor-friendly atmosphere in state in not available anywhere in the country,” he said. The minister also pointed out that Karnataka was first in attracting FDI in last three quarters.

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