GFCL EV Products, a subsidiary of India’s Gujarat Fluorochemicals and part of the diversified INOXGFL Group, has announced a major overseas investment to set up a new battery materials manufacturing facility in the Sultanate of Oman. The company, which specialises in high-tech chemicals for electric vehicles (EV) and energy storage systems (ESS), plans to build the greenfield plant in the Salalah Free Zone with an estimated investment of around USD 216 million.
The agreements to kick-start this project were finalised recently, including an investment pact with the Sultanate of Oman through Invest Oman, which operates under the Ministry of Commerce, Industry and Investment Promotion. In addition, a land lease contract has been signed with the Salalah Free Zone Company LLC, securing the site and legal framework for the planned facility.
The focus of the new plant will be on producing advanced battery materials tailored for the booming EV and energy storage markets. These materials are central to the manufacture of next-generation lithium-ion batteries, which are seeing rising global demand as electric mobility and renewable energy applications expand rapidly.
Industry analysts say the move strengthens GFCL EV’s position in the global battery supply chain, enabling it to serve customers across the Middle East, Europe, Africa and beyond. Oman’s strategic geographic location, stable business environment and incentives offered within Salalah Free Zone are expected to help the company improve logistics and export potential for its products.
The project also aligns with broader trends in the EV ecosystem, where manufacturers are increasingly investing in upstream materials capacity to ensure supply chain security and cost competitiveness. With the transition towards clean energy technologies gaining pace worldwide, producing key battery components closer to end markets has become a priority for many chemical and materials firms.
A spokesperson for GFCL EV Products commented that the Oman facility represents a significant step in the company’s global growth strategy. The investment is expected to complement its existing operations in India and support future demand for advanced battery materials, contributing to the evolving landscape of electrified transport and sustainable energy solutions.
