JSW Group to set up a Mega Scale Integrated Electric Vehicles (EV) And EV Battery Manufacturing Project in Odisha

In a landmark move set to strengthen Odisha's position in the electric vehicle (EV) sector, JSW Group has signed a Memorandum of Understanding (MoU) with the Government of Odisha for the establishment of an Integrated Electric Vehicles (EV) And EV Battery Manufacturing Project at Cuttack and Paradip. This historic moment marks JSW Group’s strategic entry into Odisha, amidst competitive offers from other states.   The ambitious project, with an investment of INR 40,000 crore, will help create over 11,000 jobs, marking a significant growth in employment generation in the state. The project will also spur employment generation in ancillary and support services. It will catalyze MSME development, opening a plethora of opportunities in the auto component supply chain and services sector. Furthermore, JSW Group's commitment to skilling the local workforce will ensure that the benefits of this industrial growth are widespread, enhancing the employability of the state's youth in cutting-edge manufacturing processes.  The Odisha Government's support through a special package of incentives for the project underlines the state's commitment to fostering industrial growth and technological innovation. This initiative is expected to not only enhance Odisha's industrial landscape but also contribute significantly to India's EV manufacturing capabilities.  Speaking on the occasion, the Hon’ble Chief Minister of Odisha