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Rajasthan gears to welcome the Electric Vehicle industry

Rajasthan gears to welcome the Electric Vehicle industry 1

Inviting investment in manufacturing of Electric Vehicle (EV) and related components into Rajasthan, the Rajasthan Industrial Development and Investment Corporation (RIICO) will hold a webinar with potential investors on Friday ( February 26, 2021).  Along with senior officials from the state industries department, Shri Sudhendu Jyoti Sinha, Adviser – Infrastructure Connectivity & Electric Mobility, NITI Aayog will also address the forum. The requirement of mobility in India is set to change dramatically in the near future and the webinar is a step in the direction of building a robust domestic EV ecosystem in state.

Rajasthan is already a prominent destination in the country in automotive manufacturing and is all set to leverage its position in automotive domain to emerge as a destination for manufacturing in Electric Vehicle (EV) and related components. Electric Vehicle and Auto- Component sector are amongst the Thrust Sectors in the Rajasthan Investment Promotion Scheme 2019 with a progressive incentive structure, and land is readily available in RIICO industrial areas across the State, including in the NCR falling in Rajasthan.

RIICO is the apex industrial development agency of the Government of Rajasthan and is organising the webinar with knowledge support of Yes Bank. In the webinar, there will be a panel discussion on ‘Component Manufacturing Vital for Robust Domestic EV Ecosystem’ and industry stalwarts including Shri Ashok Kumar Taneja, Managing Director & CEO, Shriram Pistons & Rings; Shri Vivek Vikram Singh, MD & Group CEO, Sona Comstar; Shri Mahesh Babu, CEO, Mahindra Electric; Shri Jeetendar Sharma, Managing Director, Okinawa Autotech; and Dr. Richard Lobo, Head Innovation (R&D) and CQH – Business Excellence, Tata Chemicals will share their views.

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