International Battery Company Plans ₹8,000 Crore Investment in Karnataka's EV Sector
Karnataka Minister MB Patil announced that International Battery Company (IBC), a US-based lithium cell battery manufacturer, plans to invest ₹8,000 crores in Karnataka. This investment aims to boost battery production and stimulate growth in the Electric Vehicle (EV) industry, leading to job creation. The meeting included high-ranking officials, showcasing IBC's recyclable technology.
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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.
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