- The project which is being taken up with the support of NITI Aayog
- Telangana government has earmarked 200-acre site initially at the Electronic City at Maheshwaram near the airport
- Three companies have come forward to set up their facilities in the allocated land
- Telangana will come out with new electric vehicle policy soon
- A number of component manufacturers are also keen to set up base in the state
A ₹1,500 crore gigawatt capacity battery plant will come up in the Phase-I of the proposed 10 GW facility in Telangana.
Three companies have come forward to set up their facilities in the state in the land allocated near Hyderabad for the project which is being taken up with the support of NITI Aayog, Sujai Karampuri, director -electronics, Telangana, said to The Hindu Business Line.
The state government has earmarked 200-acre site initially at the Electronic City at Maheshwaram near the airport, which has the potential to be ramped up to 1,000 acres, as other companies have come forward to set up units. Work on the Phase-I will commence within a couple of months, Karampuri informed.
Eager to join the EV race
Telangana is keen to play a major role in the push towards electric mobility, and that the state government will come out with new electric vehicle policy soon. The draft policy is currently under circulation for comments and feedback, the official informed.
He said that a number of electric vehicle manufacturing companies have come forward expressing their interest to set up manufacturing facilities in the State.
Mentioning about the FAME-II initiative of the Centre, he said that it seeks to provide a major thrust on electric buses, two and three-wheelers. Apart from battery manufacturers, a number of component manufacturers are also keen to set up base in the state.
