Karnataka Government Signs MoU With IBC to Set Up Rs. 8,000 Crore Recyclable Lithium-Ion Battery Plant

Karnataka Government Signs MoU With IBC to Set Up Rs. 8,000 Crore Recyclable Lithium-Ion Battery Plant

The Karnataka government and US-based International Battery Company (IBC) on Tuesday signed a memorandum of understanding (MoU) to set up a recyclable Lithium-ion battery manufacturing unit at an outlay of Rs 8,000 crores (USD 1 BN) in the state. IBC India, President Venkatesh Valluri, and Principal Secretary for Department of…