Rajesh Exports Signs Programme Agreement with GoI for production of Lithium lon Cells
Biznextindia : Rajesh Exports has been selected by the Government of India for production of Advanced Chemistry Cells (Energy Storage Lithium lon Cells) for the Rs. 18,100 Crores Production Linked Incentive (PLI) scheme.
Rajesh Exports is one among the only three Companies selected for the PLI scheme. The other two being Reliance Industries and Ola Electric.
In this regard Rajesh Exports signed a Programme Agreement with the Ministry of Heavy Industries, Government of India on 28th July 2022 at New Delhi for manufacture of Advance Chemistry Cell under the production linked incentive scheme. Rajesh Exports will be setting up the world’s finest 5 GWh Lithium lon Cell manufacturing plant with the finest and the most futuristic technology. Setting up of manufacturing plant of Lithium lon Cells will usher in a true revolution in India for advanced and futuristic technology. Manufacture of Lithium lon Cells will ensure the production of Indian made Lithium lon Batteries and will usher in an Electric Mobility revolution in India.
.“Rajesh Exports is keen to participate and lead the next generation technology revolution in India. We were ranked as the Number 1 Company from among the several Company’s which participated in the prestigious Advanced Chemistry Cells production PLI Scheme of the Government of India and were the top Company from only 3 Company’s selected out of the several Company’s for the Scheme” said Rajesh Mehta, Chairman of the company.