The Telangana government on Monday (6th Feb 2023) launched the country's first new mobility-focused cluster, Telangana Mobility Valley' (TMV).
TMV aim : To attract investments of around Rs 50,000 crore and generate more than 4 lakh jobs in the next five years in the state.
* In his inaugural address at the first edition of Mobility Next Hyderabad Summit part of the Hyderabad E-Mobility Week, state Minister for IT, Industries and Commerce K T Rama Rao.
* To further accelerate growth of sustainability mobility in India, I hereby announce India's first New Mobility focused cluster, the Telangana Mobility Valley.
* Rama Rao noted that the government is developing four mega clusters in and around Hyderabad--EV Manufacturing clusters,
* Energy storage system (ESS) cluster and Innovation cluster.
* TMV aims to facilitate companies across all segments of sustainable mobility including Electric 2Wheelers/ 3 wheelers/ 4 wheelers, Advanced Cell Chemistry and Hydrogen fuel cells, Tier 1 and Tier 2 Component manufacturers and Auto Engineering R&D companies among others.
* Rama Rao further said investments aggregating to Rs 3,000 crore plus are in advanced stages and will be announced in the next two weeks. These investments will further strengthen Electric 3-wheeler, Electric 2-wheeler and charging equipment manufacturing ecosystem in Telangana.
Source : Business Standard