Mumbai, Feb. 10 -- JSW Grouphas signed aMemorandum of Understanding (MoU)with the Government of Odisha to establish an Integrated EV and EV battery manufacturing project at Cuttack and Paradip.

The ambitious project will help create 11,000 jobs and catalyse MSME development in the respective state, according to the JSW Group statement.

To attract an investment of INR 400 billion, the project - supported byOdisha Government's special package of incentives - consists of a 50 GWH EV battery plant, EV manufacture, Lithium refinery, Copper smelter and related component manufacturing units.

"Our long-standing relationship with Odisha and its people forms the foundation of our new venture. This project is a milestone in our journey, reflectin...