Under the new industrial policy of Bihar, a lithium-ion battery manufacturing unit will be established in Hathua industrial area of Gopalganj district. With the launch of this ambitious project, industrial development in the district is expected to get new impetus and a large number of direct and indirect employment opportunities are expected to be created.
The project will be expanded in four phases and more than five thousand lithium-ion batteries can be produced daily when operations start at full capacity.
Five acres of land has been allotted to Sri Shirdi Sainath Power Infratech Private Limited in Hathua Industrial Area Phase-3 by Bihar Industrial Area Development Authority (BIADA) and District Industries Department for the project.
The land allotment process was completed in the presence of BIADA Managing Director Kundan Kumar and company Managing Director Ravi Pandey.
Company Managing Director Ravi Pandey said that his work area has been Kuchaykot for a long time, hence promoting industrial development in Gopalganj is one of his priorities.
He said that inspired by the industry-friendly policies of the state government, it has been decided to set up a lithium-ion battery manufacturing plant in Hathua. The process of land allotment has been completed and if all the formalities are completed on time, the construction work of infrastructure will be started from October this year.
He informed that the development of the project will be done in four phases. In the first phase, a target has been set to start production within 12 to 15 months. Battery production is expected to start at the factory from the year 2027. Lithium-ion batteries for mobile phones, inverters, energy storage systems and electric vehicles (EVs) will be manufactured in this unit.
General Manager of District Industries Center Ayush Kumar said that five acres of land has been allotted in Hathua Phase-3. All possible support is being provided by the Industries Department to start the project soon.
He expressed hope that the company will start construction work soon after the necessary processes are completed. This project will increase investment in the district, provide employment to local youth and will also give new impetus to the economic activities of the area.
