Amara Raja team meets Telangana Chief Minister Revanth Reddy to discuss Giga Corridor project

HYDERABAD: Amara Raja Chairman and Managing Director Jayadev Galla met Telangana Chief Minister A. Revanth Reddy and D. Sridhar Babu, ITE&C and Industries, Government of Telangana, on Wednesday to discuss their landmark Giga Corridor project in Telangana.

During the meeting, Chief Minister and Jayadev Galla discussed Amara Raja's ongoing projects in Telangana and explored future areas of collaboration between Telangana and Amara Raja.

Amara Raja Energy & Mobility (ARE&M) is a prominent Indian enterprise in energy storage and mobility, and a major manufacturer of batteries for industrial and automotive application.

As part of its foray into Advanced Energy Storage Technologies to address the growing Electric mobility and Energy Storage markets, 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 and Battery Pack assembly at Telangana New Energy Park, Mahbubnagar and an R&D hub called the E-Positive Energy Labs in Shamshabad with a capital investment of Rs. 9,500 Crores and direct employment generation potential for 4,500 people and almost similar numbers in indirect employment.

Chief Minister A. Revanth Reddy said, “Amara Raja is a key partner in Telangana’s growth story and assured the necessary support towards the operationalization of the Advanced Chemistry Cell Giga Factory, Pack Assembly and ePositive Energy Labs in Telangana. Telangana is committed towards Clean Energy and advanced storage technologies like ACCs are a priority sector for the state."

Jayadev Galla, Chairman & 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 Govt 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, I&C Jayesh Ranjan, and Special Secretary, investment Promotion, Vishnu Vardhan Reddy were also present during the meeting.