Telangana mobility valley eyes investment worth Rs 50,000 cr in next 5 years
Updated: Feb 07, 2023 08:01:49am
Telangana mobility valley eyes investment worth Rs 50,000 cr in next 5 years
Hyderabad, Feb 7 (KNN) India’s first new mobility-focused cluster, the Mobility valley was launched in Telangana on Monday.
The primary aim of the Telangana Mobility Valley (TMV) is to accelerate growth of sustainability mobility in the country. It was inaugurated by Industries and Commerce Minister K. T. Rama Rao.
As per reports, the cluster aims to attract investments worth Rs 50,000 crore and generate over 4 Lakh jobs in the next 5 years.
As part of TMV, the state is developing four mega clusters in and around Hyderabad: EV manufacturing clusters in Zaheerabad and Seetharampur, energy storage system (ESS) cluster in Divitipally, and innovation cluster at Yenkathala.
“Each of the clusters will be equipped with state-of-the-art infrastructure to reduce cost of operations for their tenant. For instance, we are setting India’s most comprehensive shared testing and validation infrastructure at Yenkathala. This includes state of the art labs for EV Powertrain, EV Battery, ADAS, NVH, EMI-EMC and Component Test Labs and India’s first CAV proving grounds to test Autonomous Vehicles in 100+ acres,” the minister said.
He announced that India’s first CoE in Automotive cybersecurity in collaboration between BITS Hyderabad and Bosch, will be launched in the upcoming academic year. (KNN Bureau)