India, Feb. 12 -- Epsilon Group, a leading industrial conglomerate driving the global carbon black and advanced battery materials industry, has signed a Memorandum of Understanding (MoU) with the Government of Karnataka (GoK) to invest Rs. 15,350 crores in developing state-of-the-art manufacturing and research facility for EV battery testing & advanced materials. This strategic investment, planned over the next 10 years, will bolster India's electric vehicle (EV) ecosystem, creating thousands of jobs, and strengthen India's position as a hub for advanced battery technology.

As part of the MoU, Epsilon Group, along with its subsidiaries Epsilon Advanced Materials and Epsilon CAM Pvt. Ltd. will manufacture sustainable and high-performance ...