Munoth Industries sets up Rs.165 crores lithium cell producing facility
India can edge past the target of US$300 billion worth of electronics manufacturing and exports by 2025-26, says the Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar.
Speaking on his visit to India’s first lithium cell manufacturing facility by Munoth Industries at the Electronics Manufacturing Cluster in Tirupati on 16 Sept 2022, he said, “Our vision is to edge past the target of US$300 billion worth of electronic manufacturing and exports by 2025-26.”
He has also assured that the Government is committed to work in partnership with all states to support startups and entrepreneurs keen on investing in this sector – to reach this mark.
The Government’s proactive policies and well-calibrated programmes will support every startup, every entrepreneur to make this dream a reality, he said.
The commercial production and formal opening of the Rs.165 crore lithium-ion factory is slated for next month. The installed capacity of the plant at present is 270 Mwh and can produce 20,000 cells of 10Ah capacity daily.
Chandrasekhar praised, “The Electronics Manufacturing Clusters are fast becoming centres of creation of electronics manufacturing, innovation and jobs.
“They will be playing a big role in the future and shape India’s Techade in both design innovation and electronics manufacturing that are important areas of interest for our youth.”
This state-of-the-art facility, set up by the Chennai-based Munoth Industries, is located of the two Electronics Manufacturing Clusters set up in the temple town. fiinews.com
