Rajesh Exports, based in Bengaluru has announced the signing of a tripartite agreement between India’s Ministry of Heavy Industries, Karnataka’s Department of Industries and Commerce and Rajesh Exports arm ACC energy storage for its 5 GWh lithium-ion cell factory in Karnataka. The Indian government has selected Rajesh Exports Limited as one of three successful participants in the PLI Scheme for the production of advanced chemistry cells.
The Ministry of Heavy Industries, Government of India has assured Rajesh Exports of all necessary support for the establishment of a 5 GWh lithium cell factory under the tripartite agreement. The Government of Karnataka’s Department of Industries and Commerce has also assured all necessary support and a tailored incentive package for the factory.
Recently in December 2022, Amara Raja Batteries Limited planned to invest Rs 95 billion over the period of next ten years in Telangana to establish lithium-ion battery research and manufacturing facilities. The company aims to establish a lithium cell gigafactory with an ultimate capacity of up to 16 GWh and a battery pack assembly unit with a capacity of up to 5 GWh. On the proposed investment, the company has signed a memorandum of understanding with the Government of Telangana.
