Amara Raja explores collaboration with TS

Hyderabad: Amara Raja Energy and Mobility, an energy storage and mobility enterprise said its Chairman and Managing Director Jayadev Galla on Wednesday met Telangana Chief Minister A Revanth Reddy regarding their Giga Corridor project in Telangana and explored future areas of collaboration between the State and Amara Raja. IT&Industries Minister D Sridhar Babu was also present.

As part of its foray into Advanced Energy Storage Technologies, Amara Raja is setting up a Giga Corridor that will include one of India’s largest lithium-ion Giga Factories for Advanced Chemistry Cell (ACC) manufacturing, Battery Pack assembly at Telangana New Energy Park, Mahbubnagar and Research and Development hub called the E-Positive Energy Labs in Shamshabad. The Corridor, being set up with a capital investment of Rs 9,500 crore, is expected to generate direct employment for 4,500 people and almost similar number of indirect jobs.

Chief Minister A Revanth Reddy said, “Amara Raja is a key partner in Telangana’s growth story. We will make sure to provide the necessary support towards operationalisation of their ongoing projects in Telangana.” The Chief Minister further added that “Telangana is committed towards clean energy and advanced storage technologies like ACCs are a priority sector for the State.”

Jayadev Galla, Chairman and Managing Director, ARE&M, said: “We appreciate the Government for their continued support towards quick execution of our landmark giga corridor project. Amara Raja is set to expand exponentially and we hope the government of Telangana continues to support industries so as to establish the State as a major force in the growing EV and New Energy sector.”

Chief Secretary, A Santhi Kumari; Principal Secretary, ITE&C, Jayesh Ranjan, and Special Secretary, Investment Promotion, Vishnu Vardhan Reddy were also present during the meeting.