Chamarajanagar in Karnataka will set up a production unit of Lithium-ion cells and batteries, which will soon power the electric vehicle (EV) revolution across India.
During the third wave of the Covid-19 pandemic, the district attracted Rs 562.30 crore investment between November 2021 and March 2022, generating 755 direct jobs. Mysuru attracted Rs 569.10 crore investment during the same period, generating 2,095 jobs.
Tecchren Batteries will invest Rs 480 crore in its Lithium-ion cells and batteries unit from Badanguppe- Kellamballi Industrial area. Additionally, five companies will invest Rs 562.30 crore in the district. All these new industries will settle in Badanguppe- Kellamballi Industrial area.
In Mysuru, 24 companies proposed investments. The sectors include warehouse construction, tissue culture plants, Agri biotechnology, battery separators, absorbed glass mat, filtration products, IT services, auto components, agro-based products, electronic printed circuit boards (PCB), cable harnesses assembly, design, and product development, etc.
Managing Director of Karnataka Udyog Mitra, Doddabasavaraju, told the media that the investment climate is good in the Chamarajanagar district due to the land cost, availability of water and other resources, and investors are selecting Chamarajanagar for investing.
CEO of JSS Rural Incubation and Skill Development Centre (JSS RISDC), Shivashankar B, said Chamarajanagar is an untapped district with the availability of natural resources and talent, which can be useful for several industries to establish industries such as textile, garments, stone, silk, food processing and IT.
He said that JSS Rural Incubation and Skill Development Centre (JSS RISDC) is also putting a lot of effort into training and building software-related companies using local talent, especially women.
He told the media that the container terminal project at Nanjangud will further boost the investments. From where the products will be directly shipped from nearby places. If the power supply and water facilities are established, the district will have more industrial development.
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