Battery manufacturer to set up a 1 billion battery plant in Karnataka

Battery manufacturer to set up a 1 billion battery plant in Karnataka.

IBC has formed a partnership, with the Karnataka government committing an investment of Rs 8,000 crore ($971.89 million) towards a battery manufacturing project.

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Aims to commence production by 2025 with aspirations to expand capacity.

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The company’s eligibility for financial incentives will come into play.

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