Indo–Korean Battery Industry to Be Established in Naidupeta

Writer: Pooja08:24 PM, 11 November 2026

Andhra Pradesh is set to attract a major investment in the battery manufacturing sector, with an Indo–Korean joint venture planning to establish a battery materials manufacturing facility in Naidupeta, Tirupati district, at an estimated investment of ₹4,000 crore. The project will be jointly developed by India-based Carbon Resources Private Limited and South Korea’s COSMO AM&T under the name Carbon Cosmo Advanced Materials Private Limited. The proposed facility will be spread across 230 acres and developed in three phases. It will manufacture ferric phosphate (FP) and lithium iron phosphate (LFP), two important materials used in lithium-ion battery production. The first phase is expected to become operational by mid-2028, with an annual production capacity of 30,000 tonnes each of FP and LFP. The company aims to complete the third phase and begin full-scale production by 2031. Once all three phases are completed, the facility is expected to produce 1.8 lakh tonnes of each material annually, with exports of up to 1.3 lakh tonnes a year.

The project was discussed during a meeting between Minister for Education, IT and Electronics Nara Lokesh and representatives of Carbon Cosmo in Visakhapatnam on Wednesday, ahead of the CII Partnership Summit. An MoU for the project was signed at SRM University in Amaravati on October 16, 2026, and it received approval at the State Investment Promotion Board (SIPB) meeting held on November 6. The facility is expected to generate direct employment for around 700 people and indirect opportunities for 3,500 to 5,000 others. During the meeting, Lokesh suggested that the company explore setting up a specialised research laboratory in collaboration with IIT Tirupati to conduct battery cathode material quality testing and research into recycling technologies. He said the state government would extend full support to the project and reiterated its aim of making Andhra Pradesh a major hub for electric vehicle and battery manufacturing in India.