Allegiance Group and Creative Sensor to invest Rs 18,400 crores in Andhra Pradesh
Taiwanese companies Allegiance Group and Creative Sensor Inc. have signed an agreement with the state government of Andhra Pradesh to invest Rs 18,400 crores in he state. eJoule India JV (Joint Venture), a partnership between eJoule Inc (USA), Creative Sensor Inc (Taiwan), and Senaste Technologies LLP (India), will invest Rs 18,000 at Orvakal in Kurnool.
The JV will establish India's first 23 GWh precursor-free single-crystal cathode active material and a solid-state electrolyte manufacturing facility. Allegiance Group will set up an industrial park across 470 acres in Kuppam with an investment of Rs 400 crore.
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