Indian non-renewable and renewable energy developer Urja Global has inked a memorandum of understanding (MoU) for establishing manufacturing units of lithium-ion batteries and electric vehicles (EVs) for the development of electric mobility ecosystem.
Urja signed the MoU with The Andhra Pradesh Economic Development Board.
Under the MoU, the company has agreed to infuse 2 billion rupees ($29 million), which will create 250 direct and 1,000 indirect job opportunities.
The manufacturing units will be established at Anantapur, Nellore, and Chittoor in Andhra Pradesh.