GODI India to set up Lithium giga factory in Telangana

GODI India Private Ltd will set up Lithium and Sodium Ion and related technologies R&D and Giga scale cell manufacturing facility in Telangana with an investment of Rs 8,000 crore, it was announced on Wednesday. An MoU to this effect was signed between the Telangana government and GODI India on Wednesday on the sidelines of the World Economic Forum conference in Davos as GODI founder and CEO Mahesh Godi called on Chief Minister A. Revanth Reddy. The proposed project has employment generation potential of 6,000 in the first phase spread over five years. The project aims to have a 2.5 Gwh cell assembly line in the first phase with planned expansion to 10 Gwh in the second phase.