Today news
About the same in other media
International Battery Company plans $1b India Li-ion unit
Reading now: 156
International Battery Company has committed to investing $1 billion in India's southern Karnataka state to build a factory that will produce lithium-ion cells, the provincial government said Tuesday. The privately owned company, which is making some initial batches of its prismatic or rectangular cells in South Korea, will acquire 100 acres of land close to the technology hub of Bangalore to build its plant.
«IBC plans to begin production by 2025,» Gunjan Krishna, commissioner at Karnataka's Industries and Commerce Department, told Bloomberg News. «They will be eligible for financial incentives after they start production.» The company will start small, but is aiming to ramp up capacity to 10 gigawatt by 2028, Krishna added.
Read more on economictimes.indiatimes.comAbout this in other media
India data protection bill: What's the concern? economictimes.indiatimes.com /9 months ago
India's construction sector to employ 100 million, requires skilled workforce for economic growth: Report livemint.com /9 months ago
Health Ministry says drug factories in India lack professionally qualified employees, raw product testing economictimes.indiatimes.com /9 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
