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Hyderabad, Jan.3 (PMI): Jayadev Galla, Chairman and Managing Director of Amara Raja Energy & Mobility (formerly Amara Raja Batteries) called on Chief Minister A Revanth Reddy at the Secretariat here on Wednesday.
During the meeting, the Chief Minister and Galla discussed Amara Raja’s ongoing and future projects, including its land mark Giga Corridor project at Mahabubnagar in Telangana.
Amara Raja Energy & Mobility (ARE&M) is one of India’s leadingenergy storage and mobility enterprise and also one of the largest manufacturers of batteries for both industrial and automotive application.
As part of its foray into Advanced Energy Storage Technologies to address the growing Electric mobility and Energy Storage markets, the Amara Raja is setting up a Giga Corridor that will include one of India’s largest lithium-ion Giga Factories for Advanced Chemistry Cell (ACC) manufacturing and Battery Pack assembly at Telangana New Energy Park, Mahabubnagar and an R&D hub called the E-Positive Energy Labs in Shamshabad with a capital investment of Rs.9,500 crores and direct employment generation potential for 4,500 people and almost similar number in indirect employment.
Speaking on the occasion, Revanth Reddy said “Amara Raja is a key partner in Telangana’s growth story and assured the necessary support towards the operationalization of the Advanced Chemistry Cell Giga Factory, Pack Assembly and ePositive Energy Labs in Telangana.”
The Chief Minister further stated that “Telangana is committed towards clean energy and advanced storage technologies like ACCs are a priority sector for the State.”
Jayadev Galla, Chairman & Managing Director, ARE&M said “We appreciate the government for their continued support towards quick execution of our landmark giga corridor project. Amara Raja is set to expand exponentially and we hope the Telangana government continues to support industries so as to establish the state as a major force in the growing EV and New Energy sector.”
Minister for Industries D Sridhar Babu, Chief Secretary Santhi Kumari, Principal Secretary ITE&C Jayesh Ranjan and Special Secretary, investment Promotion, Vishnu Vardhan Reddy were also present during the meeting. (press media of india)
