Magenta signed a Memorandum of Understanding (MoU) with the State Government of Tamil Nadu to invest in building the EV charging infrastructure in the state. Under this agreement, Magenta will invest close to Rs. 250 crores – EQ Mag Pro
0
0
Magenta signed a Memorandum of Understanding (MoU) with the State Government of Tamil Nadu to invest in building the EV charging infrastructure in the state. The MoU was signed in the presence of the Honorable Chief Minister of Tamil Nadu, Thiru. M.K. Stalin at the Tamil Nadu Investment Conclave 2021 held in Coimbatore.
Under this agreement, Magenta will invest close to Rs. 250 crores & set up a manufacturing unit focused on the design, product development, and architecture standards for EV technologies in the e-mobility space. The move emphasizes Magenta’s commitment to electrification and development for EV solutions.
With TN’s new manufacturing plant plans, we will train over 1600 employees in EV charger manufacturing, assembly, installation, and operations over the next five years and create around 500 jobs in the next two years in the state. #mkstalin Guidance Tamil Nadu Maxson Lewis
