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PM Modi lays basis stone for Maruti Suzuki’s Rs 7,300 cr EV Battery plant in Gujarat

Gandhinagar (Gujarat) [India], August 28 (ANI): Prime Minister Narendra Modi on Sunday laid the inspiration stone of the Maruti Suzuki Vehicle Manufacturing Facility for Haryana and Suzuki EV Battery Plant for Hansalpur in Gujarat.

He laid the inspiration stone at an occasion in Gandhinagar to mark 40 years of Suzuki Company in India.

Speaking on the event, PM Modi mentioned the success of Maruti-Suzuki additionally signifies the sturdy India-Japan partnership.

The Prime Minister additionally recalled late former Japanese PM Shinzo Abe whereas talking on India-Japan friendship.

“The success of Maruti is a great example of the strength of the India-Japan relationship. In the last eight years, this relationship between the two countries has reached new heights,” he mentioned.

He mentioned that India has introduced in COP-26 (local weather summit) that it’s going to obtain 50 per cent of its put in electrical capability from non-fossil sources by 2030.

“We are rapidly working on both supply and demand of EV ecosystem. From relaxation in tax to easier loan facility, we are working to increase the demand of EVs,” mentioned PM Modi.

He mentioned that from the car to the biofuel sector, over 125 Japanese corporations are working in Gujarat.

“Electric Vehicles are bringing a silent revolution in India. Today India doesn’t consider EV’s extra vehicles but a necessary step,” he added.

He mentioned that India has determined to be self-reliant by way of vitality necessities within the subsequent 25 years.

The Suzuki Motor Gujarat Electric Vehicle Battery Manufacturing Facility at Hansalpur, Gujarat can be set-up with an funding of round Rs 7,300 crores to fabricate Advance Chemistry Cell batteries for Electric Vehicles.

The car manufacturing facility in Kharkhoda, Haryana could have the potential to fabricate 10 lakh passenger autos per yr, making it one of many largest passenger car manufacturing amenities at a single web site on the planet. The first part of the venture can be arrange with an funding of over Rs. 11,000 crores, mentioned the assertion.

Gujarat Chief Minister Bhupendra Patel was additionally current on the occasion. (ANI)