Hyderabad : “Minister Reveals Progress in Attracting Investments Over INR 3,000 Crore, Announcement to be Made in Next Two Weeks”
KT Rama Rao, Minister for IT E&C, MA&UD, and Industries & Commerce, announced the creation of India’s first mobility-focused cluster, Telangana Mobility Valley (TMV) at the first Mobility Next Hyderabad Summit. This initiative aims to further the growth of sustainable mobility in the country. The Minister stated that TMV will provide top-notch infrastructure and make Telangana the most competitive destination for manufacturing and E R&D in India. The cluster is expected to attract investments worth Rs 50,000 crore and generate over 4 lakh jobs in the next 5 years. The state is developing 4 mega clusters equipped with state-of-the-art infrastructure in and around Hyderabad, including EV Manufacturing clusters in Zaheerabad and Seetharampur, Energy Storage System (ESS) cluster in Divitipally, and an Innovation cluster at Yenkathala.
The government is in advanced stages of attracting investments worth more than Rs 3,000 crore, to be announced in the next 2 weeks, which will strengthen the electric two-, three-wheeler, and charging equipment manufacturing ecosystem in Telangana. The TMV aims to support companies in all segments of sustainable mobility, including electric two-, three-, four-wheelers, advanced cell chemistry, hydrogen fuel cells, Tier 1 and 2 component manufacturers, and auto engineering R&D companies. The Hyderabad E-Mobility Week will be held regularly to encourage collaboration between thought leaders, experts, and global automotive ecosystem players to promote sustainable mobility. The state also announced three MoUs with ATS-TUV Rheinland, Bosch Global Software Technologies, and Telangana Academy for Skill and Knowledge (TASK). The summit saw participation from the government, academia, and industry leaders including Kamal Bali, Prabhjeet Singh, Shrikant Sinha, Suman Mishra, Dirk Adamczyk, and Dr. Amaresh Chakrabarti, among others.
