February 29, 2024

This policy does not provide for giving land free of cost or at token rate, but under Capital Expenditure Assistance, the government will provide Rs. 200 crore will be given.

Basically, Giga project of the world’s third and India’s first lithium ion cell manufacturing plant will be established in Gujarat, India after America, China. The plant will be set up at Sanand with the benefit of the new electronics policy of the Gujarat government.

Although, an annual 20 GW plant will be established with an investment of Rs.13 thousand crores in the first phase and Rs.13 thousand crores in the second phase. However, as of now the MoU has been made for the first phase of investment worth 13 thousand crores.

The world’s third lithium plant will be established in Gujarat

Currently, China supplies 60 to 70 percent of the lithium requirement in the country. This project can meet 70 percent of the country’s needs. A total of 13 thousand people will get employment due to this plant.

Benefits will be given under the new electronics policy for lithium projects by the state government. This policy does not provide for giving land free of cost or at token rate, but under Capital Expenditure Assistance, the government will provide Rs. 200 crore will be given.

This project can complete 70 percent of the country’s needs

In the presence of Chief Minister Bhupendra Patel, an MoU was signed in Gandhinagar between Gujarat Government’s Science and Technology Secretary and the CEO of Tata Group’s subsidiary Agartas Energy Storage Solutions Private Limited. The state government expected the MAOU to be a major step towards India’s goal of 100 percent electric vehicle use and 50 percent carbon emissions by 2030, net zero carbon emissions.

A total of 13 thousand people will get employment, due to this plant

In the end, the state government is committed to the vision of increasing carbon-free energy-green clean energy by increasing the production of electric vehicles and reducing carbon emissions by reducing fossil fuel consumption. In this context, the reliance on lithium-ion batteries will also increase significantly as EV usage increases.

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