For the first time, an energy park is about to happen in Mahbubnagar for manufacturing lithium-ion cells, which may potentially provide direct and indirect employment to 10,000 people of the district.
In the course of the project, battery manufacturer ChargeXO and renewable energy company Greenko have come forward to invest Rs 2,000 crore in about 100 acres for the first lithium-ion cell manufacturing unit in India.
Excise Minister V Srinivas Goud talked about the future investment and said that another four-five big companies will invest in the district. Companies in the electronics, electronic/battery vehicles, lithium ion battery packs, photovoltaic cells and giga factory segments have expressed their interest in investing in the park.
Srinivas Goud added the energy park was sanctioned by IT and Industries Minister KT Rama Rao, based on his request to generate job opportunities for the people of Mahbubnagar.
At Divitipalli in Mahbubnagar, the construction of an IT and multipurpose tower in about 400 acres is also in full swing, with two floors already ready. The Telangana government, later, select another `40 crore for the construction of two more floors.
Srinivas Goud said Mahbubnagar is being developed with the goal of providing job opportunities to youngsters. “We are bringing investments worth thousands of crores and taking steps for the comprehensive development of the district which is located very close to Hyderabad and the international airport,” he stated.
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