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India's first lithium-ion cell manufacturing plant to be set up in Andhra

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India's first lithium-ion cell manufacturing plant to be set up in Andhra  | Jun 14, 2018, 12.10AM IST New Delhi: In line with the government's "Make in India" initiative, Munoth Industries, promoted by Chennai-based Munoth group, announced here on Wednesday the setting up of India's first lithium-ion cell manufacturing plant in Tirupati, Andhra Pradesh, for the mobile industry. The plant will be set up with an outlay of Rs 799 crore in three phases, Munoth Industries said, adding that the plant will provide employment opportunities to 1,700 people. The first phase of the project will be operational by March 2019 and the second and third phases by 2022, the company added. "The setting up of India's first lithium-ion cell manufacturing plant for mobile industry will improve competitiveness. It will create more value addition to the country and eventually it will drive down the pricing," Pankaj Mohindroo, National President, Indian Cellular Associ...

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