Munoth Industries Become The Initiator To Set Up First Lithium Ion Cell Factory In India

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Munoth Industries Become The Initiator To Set Up First Lithium-Ion Cell Factory In India

Munoth Industries become the initiator to set up first lithium-ion cell factory in India.

Munoth Industries is going to setup India’s first lithium ion cell production project.

The total production investment is near about Rs.799 Crore, which is again divided into three phases in Tirupati and Andhra Pradesh.

It hit a move that provide a trigger for enabling mobile component manufacturing in India.

This initiation will definitely add value to overall handset manufacturing.

In the first phase of investment, Rs.165 Crore will be invested. This aims to produce lithium-ion cells of the total storage capacity of 200,000 Ah (Ampere Hour) per day.

It will be available for assembly of mobile phones manufacturers from April 2019.

Lithium-ion cell is a core component for mobile phone industry.

These cells are imported to get fitted into battery packs that are assembled in India.

Of the total 120 firms producing mobile phones and accessories in India, about 20 are battery pack assembly units.

One of the most important features is the plant has a greater capacity to produce cells having a total power of 1 Million Ah per day.

After the successful implementation, it can provide a golden opportunity for employment to 1,700 people.

In order to widen the components manufacturing ecosystem in India, Government of India notified the phased manufacturing programme (PMP) on April 28, 2017.

CONCLUSION:

Munoth Industries Become The Initiator To Set Up First Lithium-Ion Cell Factory In India. This clarified vividly to investors and manufacturers that government is serious about promoting mobile handset manufacturer in the country.

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