JSW Group Gets Incentive Package To Set Up EV Manufacturing Units In Odisha

The new project will be set up in Naraj, Cuttack and Paradip. It will have a combined investment of Rs 40,000 crore.

JSW Steel. (Source: Company website)

The Odisha government has sanctioned a special incentive package for JSW Group's electric vehicle and component manufacturing projects.

The new project will be set up in Naraj, Cuttack and Paradip. It will have a combined investment of Rs 40,000 crore, according to CMO Odisha's official account on X, formerly known as Twitter.

The project will help to generate over 11,000 employment opportunities and create a new era of industrial growth in the state, the social media post said.

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WRITTEN BY
Sreshti Srinivasan
Sreshti Srinivasan covers markets and business news at NDTV Profit. She hol... more
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