Tata Technologies, a global engineering and product development digital services company, has expressed interest in setting up an electric vehicle manufacturing plant in Punjab, the state government said in a statement on Wednesday.
Tata Technologies has proposed to set up its ambitious Electric Vehicle (EV) manufacturing plant in Punjab.A Tata Technologies delegation called on Punjab Chief Minister Bhagwant Mann at his official residence here on Wednesday.
During the discussion, the delegation included Warren Harris, Global CEO, Tata Technologies, and President, Global HR & IT. Pawan Bhagaria and others are keen to set up this unit in the state with current investment of Rs 250 crore and future investment of Rs 1600 crore.
The delegation said that it would focus on the development of MSMEs in the EV department with a focus on clean mobility and job creation for the youth of Punjab.
The visiting delegation opined that the agency would also ensure skill development of the youth in the state.
Welcoming the initiative, the Chief Minister assured full support and cooperation to Tata Technologies for the project. He said that the Punjab government was committed to accelerate the industrial growth of the state and no stone would be left unturned for this noble cause.
Mann said the government was compelled to bring back the tendency of Punjabi youth to go abroad in search of green pastures for their careers by ensuring that the best employment opportunities could be created here through such national projects.
The chief minister said the state government was already taking more industrial tycoons across the country to set up their ventures in the state.
He said that Punjab has emerged as the most investment friendly destination in the country. Mann said the state government’s investment-friendly policy and hard-working, dedicated and skilled human resources are a blessing for the development of any industry.
Meanwhile, it was also decided in the meeting that Shaheed Bhagat Singh Nagar based Lamrin Tech Skill University (LTSU) will collaborate with IBM, an anchor partner and with Tata Technologies and Ansys Corporation for a setting up high end technology labs through Innovation Centre for Education with the investment of Rs 602 Crore.