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GODI India is set to make a substantial investment of approximately Rs 8,000 crore towards the establishment of cutting-edge lithium and sodium-ion technologies, along with research and development initiatives and the creation of a giga-scale cell manufacturing facility in Telangana.
This significant development follows the signing of a memorandum of understanding (MoU) between GODI India and Chief Minister A Revanth Reddy during the World Economic Forum conference in Davos on January 17, 2024. The ambitious project is designed to initiate a 2.5 GWh cell assembly line in its first phase, with a projected employment potential of 6,000 jobs over five years. Additionally, plans include a substantial expansion to 10 GWh in the second phase.
Renowned as a pivotal player in the energy storage sector, GODI India has successfully achieved milestones such as the development of Li-ion pouch and cylindrical prototype cells in its pilot production line within a remarkably short timeframe. The proposed project aligns seamlessly with the state government's vision to encourage the widespread adoption of electric vehicles.
Looking ahead, GODI India's innovation pipeline encompasses advancements in sodium-ion and solid-state battery technologies, along with the establishment of a state-of-the-art cell manufacturing facility. This facility is poised to serve various sectors, including defence and aerospace, solar and wind energy, telecommunications, electric vehicles, and electronics. The company's forward-thinking approach underscores its commitment to driving technological progress and contributing to sustainable solutions across diverse industries.
News by Rahul Yelligetti
