Amid reports suggesting that JSW Group plans to move its Rs 40,000 crore Electric Vehicle and Battery project from Odisha to Maharashtra, Odisha’s Chief Minister Mohan Majhi has denied these claims. Ranjan Nayak, JSW’s executive vice president, confirmed that the company is still committed to the Odisha project and will proceed once land is allocated. JSW had signed a memorandum of understanding with the Odisha government seven months ago to establish EV and battery manufacturing facilities. The rumors have stirred political tensions in the state, with the opposition BJD party accusing the BJP of attempting to relocate the investment ahead of upcoming elections in Maharashtra.
Bhubaneswar: Recent media reports suggested that the JSW Group plans to move its massive Rs 40,000 crore electric vehicle and battery project from Odisha to Maharashtra. However, Odisha’s Chief Minister Mohan Majhi has dismissed these rumors.
The executive vice president of JSW, Ranjan Nayak, also confirmed that the company has not backed out of the Odisha project. He stated that the project will proceed once the necessary land is allocated.
JSW had previously signed a memorandum of understanding with the Odisha government, led by Naveen Patnaik, around seven months ago to establish facilities for electric vehicle and battery manufacturing in the state.
This news has created a political uproar, with the opposition BJD party, headed by Naveen Patnaik, accusing the BJP of attempting to shift the investment to Maharashtra ahead of upcoming elections.
Tags: JSW Group, Odisha, EV Project, Electric Vehicles, Battery Manufacturing, Maharashtra, Political News, Naveen Patnaik, Ranjan Nayak.
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Will JSW move the Odisha EV plant to Maharashtra?
No, JSW has confirmed they are not planning to shift the Rs 40,000 crore EV plant from Odisha to Maharashtra. -
Why is there no plan to shift the plant?
JSW believes that the location in Odisha is best for their project and they want to continue with their plans there. -
What is the purpose of the EV plant in Odisha?
The EV plant in Odisha is being built to produce electric vehicles, which are important for sustainable transportation. -
How much is the investment in the Odisha EV plant?
The investment in the Odisha EV plant is Rs 40,000 crore. - Is Odisha a good place for setting up EV plants?
Yes, Odisha has the resources and support needed for setting up the EV plant, making it a suitable location for JSW.
