JSW Group has inked an MoU with the Odisha government for a Rs 40,000 crore ($5.3 billion) integrated electric vehicle (EV) manufacturing facility. The project, once completed, will be JSW Group’s entry into the automotive sector. It encompasses a 50 GWH EV battery plant, electric vehicles, a lithium refinery, copper smelter, and related component manufacturing units. The investment is expected to generate over 11,000 jobs and foster employment in ancillary services and the auto component supply chain. The project received support from the Odisha government through a special package of incentives.
JSW Group Signs MoU with Odisha Government for Rs 40,000 Crore Integrated EV Manufacturing Facility
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