Allox to set up India’s first multi-gigawatt LFP battery manufacturing unit in Telangana

According to the statement by the Telangana government, the proposed facility will create employment for 600 highly-skilled and semi-skilled professionals.

“Government of Telangana is actively working on promoting adoption of EVs (electric vehicles) and towards developing a comprehensive manufacturing ecosystem,” said minister of IT and Industries of Telangana KT Rama Rao, who is heading the Telangana delegation at Davos.

He added that the state is emerging as the most preferred destination for EV and Advanced Chemistry Cell Manufacturing.

“The proposed facility by Allox is expected to contribute to the State’s goal of promoting the adoption of electric vehicles,” the minister said.

The proposed facility will create employment for 600 highly skilled and semi-skilled professionals. (Supplied)

According to the statement, Telangana was one of the first states to come up with a comprehensive EV and Energy Storage Systems (ESS) Policy in 2020 with a view to build an integrated EV ecosystem.

Allox Co-Founder and Managing Director Mourya Sunkavalli said the company would play an important role in the EV and ESS landscape of the country, while supplying active cathode materials to the cell manufacturing companies in India.

Allox’s technology to produce C-LFP is a solid-state process, economical to scale up, zero affluent discharge, eco-friendly and indigenously developed by the Indian government’s International Advanced Research Centre for Powder Metallurgy and New Materials, and upscaled by Allox in Hyderabad.

Allox has been showcased by India at the Indian Sustainability Pavilion at WEF 2023 in Davos.

PepsiCo to expand Global Business Services Centre

At Davos, American multinational food company PepsiCo announced that it is planning to expand big in Hyderabad.

Executive Vice President of Corporate Affairs at PepsiCo Roberto Azevedo met Minister KTR at the Telangana Pavilion and discussed the plans of the company for the state.

Minister KTR expressed happiness over the rapid growth of the PepsiCo’s Global Business Services Centre in Hyderabad, and said the state government will extend all possible cooperation for all future investments of the company.

Telangana Pavilion at Davos. (Supplied)

The Global Business Services Centre of PepsiCo which started with just 250 people in 2019 is 2,800 strong now and plans to grow to 4,000 employees within the next year-and-a-half.

PesiCo GBS is currently delivering critical products and solutions for company operations and digitalising HR and financial services of the company.

PepsiCo is keen to participate in sustainability initiatives in partnership with Government of Telangana including improving water efficiency, recycling and reuse of plastics

During the meeting, the manufacturing opportunities for popular PepsiCo food products in Telangana state were also discussed.

Apollo Tyres opens Digital Innovation Centre

Apollo Tyres, in partnership with the Telangana government, has announced the launch of a Digital Innovation Centre (DIC) in Hyderabad.

KTR with Apollo Tyres executives. (Supplied)

An MoU in this regard was signed after a meeting between Apollo Tyres executives and Telangana government officials at WEF.

This is the second DIC for Apollo Tyres, with the first one being in London.

As part of the company’s digital strategy to implement Industry 4.0, the DIC will use new age technologies like IoT, cloud computing, artificial intelligence (AI), machine learning (ML), robotic process automation (RPA) and blockchain to help develop and deliver new business models and market-leading customer service.

The DIC will drive significant efficiency gains and agility in the company’s supply chain, transforming manufacturing efficiencies and helping achieve the sustainability goals.