Article

International Battery Company (IBC), a US-based lithium cell battery manufacturer, has expressed interest in investing ₹8,000 crores in Karnataka to enhance battery production. Karnataka Commerce and Industries Minister MB Patil highlighted the expected growth in the Electric Vehicle (EV) industry and job creation resulting from this investment.

The announcement followed a meeting where IBC showcased their innovative recyclable technology. Present at the meeting were Dr. Selvakumar, Principal Secretary, and Gunjan Krishna, Commissioner of the Dept. of Industries.