New Delhi (Sputnik): India's Munoth Industries Ltd has decided to set up a lithium-ion cell manufacturing plant for the mobile phone industry with the help of Chinese firm BPI based in Shenzhen city. It would be the first lithium-ion production unit in India utilizing Chinese technology.
Jaswant Munoth, the director of Munoth Industries Limited, said on Thursday that the company would invest $120 million in three phases for setting up the plant.
"We have received the technology from BPI, and the Chinese company also helped us in designing the whole plant, identifying the machines and required chemicals, etc." Jaswant Munoth said in New Delhi on Thursday.
The company aims to start supplying batteries for 50 million smartphones by April 2019 and gradually scale up production to 250 million by 2022. The venture is likely to generate employment for 1,700 persons.
"The lithium-ion cell is a core component for the mobile phone industry. As of now, lithium-ion cells are imported and battery packs are assembled in India using imported cells, and with this project of Munoth Industries, we will begin our journey to become a pioneer in this space," Ajay Prakash Sawhney, India's electronics and IT secretary, said after launching the project.
Earlier this week, the Indian government's space research organization ISRO had announced its decision to transfer indigenous technologies for lithium-ion batteries to private firms that would start large-scale production to meet the growing demand of such batteries by industries.
.@isro has entered into a Technology Transfer Agreement (TTA) with Bharat Heavy Electricals Limited (#BHEL), which is one of India’s leading #PSUs, to transfer the #technology for the manufacture of space grade Li-Ion cells. pic.twitter.com/diw9JtBDyq— royal (@riljpd) March 24, 2018
"Vikram Sarabhai Space Centre is now offering to transfer this technology to competent Indian industries/start-ups on a non-exclusive basis to establish Li-ion cell production facilities in the country that can produce cells of varying size, capacity, energy density and power density catering to the entire spectrum of power storage requirements," ISRO said in a statement Tuesday.
Meanwhile, another state-owned research institute, the Central Electro Chemical Research Institute under the Council of Scientific and Industrial Research (CSIR), had, on June 9, signed a memorandum of agreement for the transfer of technology of its lithium-ion battery project to a private firm, the Rasi group, for setting up a manufacturing facility in the southern state of Tamil Nadu. The Rasi group says it aims to bring down the cost of cell manufacturing below INR 15000 ($222)/- per KW to replace lead-acid batteries.