JSW Group signed a Rs 40,000 crore MoU for Integrated Electric Vehicle (EV) & EV Battery manufacturing project

The JSW Group, in collaboration with the Odisha government, has formally entered into a Memorandum of Understanding (MoU) to establish an extensive Integrated Electric Vehicle (EV) and EV Battery manufacturing project.

In Naraj, Cuttack district, JSW plans to establish an EV vehicle and component manufacturing plant. In Paradip, Jagatsinghpur district, the project encompasses a copper smelter and lithium refinery, including a 50 GWH EV battery plant.

Project  Details

Chief Minister

Naveen Patnaik

The establishment of the JSW Group’s Electric Vehicle manufacturing unit is a testament to our state’s evolving industrial landscape. This strategic move underscores our commitment to sustainable development.

Chief Minister

Naveen Patnaik

It is anticipated to act as a catalyst for the growth of Micro, Small, and Medium Enterprises (MSMEs), playing a pivotal role in nurturing a vibrant ecosystem of ancillary industries.

The project will generate 10,000+ jobs, boosting state employment. It aims to spur MSME growth and foster ancillary industry development.

Societal Impact

Sajjan Jindal

JSW Group's Chairman

He expressed confidence in Odisha’s potential to become a One Trillion Dollar economy. The choice of Odisha for the first EV unit is attributed to the state’s stable leadership, unparalleled government support, and a resourceful skill ecosystem.

In Odisha, the opportunities for electric vehicle (EV) and EV components manufacturing units are marked by streamlined processes, offering a seamless experience for businesses.

Opportunities for EV