Ami Organics Limited, a leading global manufacturer of advanced pharmaceutical intermediates and specialty chemicals, announced that the company has signed a non-binding Memorandum of Understanding (MoU) with a global manufacturer of Electrolytes for manufacturing of electrolytes for battery cells and allied materials in Gujarat, India.

In furtherance to this, the company will also sign an MoU with Government of Gujarat for investment amounting up to Rs 300 crores for set up of dedicated manufacturing facility for electrolytes business in the state of Gujarat, in the upcoming Vibrant Gujarat Summit 2024.

The MoU reflects the Ami Organics strategic foresights in aligning with the transformative industry trends in battery chemicals space. This product aligns with the Government's Make in India initiative. Ami Organics is committed to fostering innovative solutions in the Energy storage device sector while contributing towards environment sustainability.

Commenting on development, Naresh Patel, Executive Chairman & Managing Director, Ami Organics Limited, said: "It gives me immense pride to announce this landmark MOU, first for Ami Organics with a global manufacturer of Electrolytes. We are privileged to build a longterm association as we collaborate with an illustrious name in the industry, which not only instils confidence in us but also builds a path to broaden our scope in the battery chemicals space. This is a first of the several milestones to come that highlight our commitment towards establishing a stronghold in the niche specialty chemicals segment with high entry barriers and low competition."