Bhubaneswar: Amid media reports that JSW Group has decided to relocate its planned EV project from Odisha, Industries Minister Sampad Swain said the government is yet to get formal information about shifting of the project from Odisha to Maharashtra.
Speaking to media persons here, Shri Swain said, “We are in talk with the JSW company officials. Everything will be clear once the discussion reaches a conclusion. They have not finalised to shift the project from Odisha and we are also not informed about it.”
The investors usually took decisions as per their need and feasibility. The EV project was also delayed, he said.
The Minister said the government is making efforts for grounding of the project in the state.
Seven months ago, Sajjan Jindal-led JSW had signed an agreement with the Odisha Government to set up a Rs 40,000 crore electric vehicle (EV) and battery project in Cuttack and Paradip. Now, some media reported that the company is planning to shift the project to Maharashtra.
At Naraj in Cuttack district the JSW group will set up an EV vehicle, and component manufacturing plant, while at Paradip in Jagatsinghpur district, it will set up a copper smelter and lithium refinery. The project consists of a 50 GWH EV battery plant, EV, lithium refinery, copper smelter and related component manufacturing units.
The project with an investment of Rs 40,000 crore, was expected to create over 10,000 jobs for the youth, marking a significant growth in employment generation in the state, sources said.