India's State Of Maharashtra And Gogoro To Partner On 'Ultra Mega Project' To Manufacture And Deploy Smart Battery Infrastructure That Would Exceed $1.5B Over Eight Years
Portfolio Pulse from Happy Mohamed
The Indian State of Maharashtra and Gogoro Inc. (NASDAQ:GGR) have announced a partnership on an 'Ultra Mega Project' to manufacture and deploy smart battery infrastructure. The project, which would exceed $1.5 billion over eight years, includes more than $500 million investment in manufacturing and $1 billion in smart battery infrastructure deployment. The project is expected to generate approximately 10,000 direct and indirect jobs and is one of the largest EV investments in India's history.
June 29, 2023 | 12:31 pm
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Gogoro Inc. is partnering with the Indian State of Maharashtra on a major project to manufacture and deploy smart battery infrastructure. The project is expected to significantly boost Gogoro's operations in India.
The partnership with Maharashtra represents a significant expansion of Gogoro's operations and a major investment in its manufacturing and infrastructure capabilities. This is likely to boost the company's revenues and profitability in the long term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The partnership between Gogoro Inc. and the Indian State of Maharashtra represents a significant investment in India's EV sector. This could boost the performance of the iShares MSCI India ETF (INDA), which tracks the performance of the Indian market.
The partnership represents a significant investment in India's EV sector, which could boost the overall performance of the Indian market. As INDA tracks the performance of the Indian market, it could benefit from this development.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75