The JSW Group will establish an electric vehicle battery manufacturing project, which is dubbed as a one-of-a-kind advanced technology-based project with a capacity of 50 GWH and the world’s largest single location project in the sector in Odisha’s Cuttack district.
Odisha Cabinet chaired by Chief Minister Naveen Patnaik approved a special incentive package for the establishment of ambitious electric vehicle and component manufacturing projects near Cuttack and Paradip for which the company will make a combined investment of ₹40,000 crore.
“Projects would significantly boost the industrial and economic landscape of Odisha. These projects have the employment potential of over 11,000,” Chief Secretary P.K. Jena said.