Odisha clears incentive package for JSW Group’s electric vehicle, battery plants

The JSW Group’s proposed electric vehicles and battery manufacturing project at Naraj will be the world’s largest single-location project in the sector, the CMO said

Published on: Jan 22, 2024, 20:13:19 IST

By Debabrata Mohanty

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BHUBANESWAR: The Naveen Patnaik-led Odisha cabinet on Monday approved a special incentive package for the Sajjan Jindal-led conglomerate JSW Group’s electric vehicle and component manufacturing projects in Naraj, Cuttack and Paradip, saying they involve a combined investment of ₹40,000 crore, hold the potential to create 11,000 jobs and “usher in a new era of industrial growth and job creation in the state”.

A charging plug is seen on an electric vehicle (REUTERS FILE/REPRESENTATIVE IMAGE)

The JSW Group’s proposed electric vehicles and battery manufacturing project at Naraj will be the world’s largest single-location project in the sector, the chief minister’s office said in a post on X, formerly Twitter.

Odisha’s public enterprises minister Ashok Chandra Panda told reporters that the battery project will have a capacity of 50-gigawatt hour (GWh). The electric vehicles and component plant will be set up at the same location in two phases with an investment of ₹25,000 crore.

The group will also set up an EV components manufacturing complex comprising a copper smelter along with a lithium smelter near Paradip port in the third phase with a proposed investment of ₹15,000 crore in the state, generating employment for more than 7,000 people.

The government statement did not release the details of the special incentive package.

The group initially planned to enter the EV segment via JSW Energy in 2017, but the plan did not take off. In January 2023, it was reported that JSW group is looking to enter the manufacturing of electric vehicles in India.

The state cabinet also approved a proposal to expand the coffee plantation area from the current 10,000 acres to 1 lakh acres over the next 10 years. The scheme “Coffee Plantation for Sustainable Livelihoods (CPSL)” will be implemented in six tribal-dominated districts of the state such as Koraput, Rayagada, Kalahandi, Kandhamal, Keonjhar and Gajapati with the involvement of women SHGs for raising coffee nurseries. Around Rs. 1144.00 crore will be spent till 2026-27 in this scheme.

ABOUT THE AUTHOR
Debabrata Mohanty
Debabrata Mohanty is a senior assistant editor of Hindustan Times who works as state correspondent from Odisha covering the state's politics, governance, public policy, natural disasters, environment and its society for close to three decades. With his long years of reporting from the state capital of Bhubaneswar, Mohanty has been known as one of the most experienced and credible journalists covering Odisha for the national English dailies. His reporting combines on-ground detail with deep institutional knowledge detailing the state's changing politics, governance issues, administrative reforms and the functioning of its public institutions. He has regularly reported on issues ranging from legislative developments and public policy implementation. Politics is his core areas of expertise as he closely tracks Odisha's political landscape, including the rise and transformation of the Bharatiya Janata Party (BJP), the Biju Janata Dal (BJD), the two principal political parties in Odisha. His long association with the state's political establishment enables him to write on contemporary developments in a larger political context. Mohanty takes a deep interest in writing human interest stories, environmental issues and documenting the impact of cyclones, floods, heatwaves, and other climate-related events in one of the most disaster-prone states. His coverage extends to public health, governance reforms and stories on accountability of government institutions. Before joining Hindustan Times, Mohanty worked with The Indian Express, Mail Today, and The Telegraph, where he covered at least six general elections and as many assembly elections. In 2007, he was selected for the prestigious Chevening Young Indian Print Journalist Programme at the University of Lincoln, United Kingdom, where he received advanced training in print journalism. In 2009 he won the Press Institute of India-International Committee of Red Cross award on conflict reporting for his on-ground reportage of 2008 Kandhamal riots.Read More

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