Bhubaneswar, Jan 22: JSW Group has proposed to set up an electric vehicle and battery manufacturing unit near Naraj in Odisha’s Cuttack district.
The state Cabinet has approved a special incentive package for JSW Group's electric vehicle and component manufacturing projects in Naraj, Cuttack and Paradip.
These projects, with a combined investment of Rs 40,000 crore and employment potential of over 11,000, are set to usher in a new era of industrial growth and job creation in the state, said Chief Secretary Pradeep Kumar Jena.
The JSW Group's proposed EV and Battery Manufacturing Project at Naraj will be the world's largest single location project in the sector, he informed.
The company is also planning to set-up an OEM Plant for electric vehicles and components in the same facility in two phases.