Telangana in race to attract Tesla-like Electric Vehicle giants
Telangana has already begun making inroads in the EV space with approvals being given recently to Greenko and ChargeXO for setting up 1 GW battery storage units
HYDERABAD : Days after Tesla boss Elon Musk tweeted that Tesla would drive into India “Next year for sure,” sending EV enthusiasts into a tizzy, Telangana government officials too confirmed that the state is pulling out all stops to position itself as the go-to destination for EV giants like Tesla, which currently has three Gigafactories, two in US and one in Shanghai, China.
Telangana has already begun making inroads in the EV space with approvals being given recently to Greenko Energy Holdings and Singapore-based ChargeXO for setting up 1 gigawatt battery storage units each at investments of nearly Rs 300 crore per unit, Telangana IT and industries principal secretary Jayesh Ranjan said.
The state is gunning for mega EV investments worth US$4 billion by 2030 and has come up with a dedicated EV policy that will extend tailor-made benefits to mega and strategic projects with investments of over Rs 200 crore or employment generation of over 1,000. The state government is also establishing a 400-acre energy park at Divitipally.
Source : economictimes
