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New Investments Likely for EV Component Manufacturing In Dholera SIR

News Date 2021-08-04

New Investments Likely for EV Component Manufacturing In Dholera SIR

The special investment region (SIR) at Dholera in Gujarat is expected to draw fresh investments from electric vehicle component manufacturers in the coming months, according to state government officials. Dholera, situated 110km from Ahmedabad, is emerging as an ideal destination for electric vehicle manufacturing, according to experts present at the second edition of the Sustainable Mobility Conference held virtually by CII on Friday.

In his address, Hareet Shukla, MD, Dholera Industrial City Development Limited, said: “Gujarat Industrial Policy 2020 and the Gujarat Electric Vehicle Policy 2021 make Gujarat an attractive destination for the manufacturing sector, especially the electric vehicles segment.”

Shukla told TOI: “We are expecting fresh investments in Dholera for EV component manufacturing.” He added: “Discussions with companies are underway and within the next three months, new projects should be finalized.”

Experts believe that the production-linked incentive (PLI) scheme will go a long way in boosting investments in EV manufacturing.

“The PLI scheme has been announced to boost manufacturing in the EV sector, and I believe it will be a key driver,” said Raghavan Viswanathan, director at KPMG India. “However, it will have a greater impact if the enabling infrastructure required for EV is in place.”

Sources confirmed that battery and component manufacturers from different parts of the country have shown interest in Investing in Dholera.

Tata Group has already committed an investment of Rs 4,000 crore to set up a lithium-ion battery manufacturing plant at Dholera SIR.

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