Odisha Government Approves JSW Group's EV Project Worth Rs 40,000 Cr

JSW Group's Rs 40,000 crore Electric Vehicle (EV) manufacturing project, securing approval from the Odisha state government, is likely to position Odisha as a player in India's EV sector.

The investment is expected to lead to job creation, offering potential benefits to the local economy. JSW's EV project is seen as a potential contributor to advancements in the sector, signalling a period of potential industrial transformation.

Apart from electric car manufacturing, the project extends to the EV ecosystem, including batteries and components. The state may have a sustainable electric mobility landscape thanks to the Rs 40,000 crore investment.

The approval of the EV project could bring growth and development. JSW's investment in electric vehicles has the potential to contribute to job creation, economic progress, and a potentially more sustainable future for Odisha, reported news agency PTI.