At the first edition of the Mobility Next Hyderabad Summit held at the Hyderabad International Convention Centre this on Monday, the government of Telangana announced to set up India’s first new mobility-focused cluster called the Telangana Mobility Valley or TMV.
That being said, the cluster aims to create the best-in-class infrastructure, along with creating over 4 lakh jobs in the upcoming fiver years, and also attracting investments from all around worth Rs 50,000 crore.
Keeping this in mind, Telangana is developing four mega clusters in and around Hyderabad, said KT Rama Rao, Minister for IT E&C, MA&UD and Industries & Commerce.
They comprise the ‘EV Manufacturing’ cluster in Zaheerabad, an ‘EV Manufacturing’ cluster in Seetharampur, ‘Energy storage system’ (ESS) cluster in Divitipally, and an ‘Innovation’ cluster at Yenkathala.
Each of the clusters will be equipped with state-of-the-art infrastructure to reduce the cost of operations for their tenant, said the Minister.
He also informed that the government was working to bring in investments worth over Rs 3,000 crore and was already in advanced stages on this deal, announcing the same in the upcoming 2 weeks’ period.
These investments are aimed to bolster the electric vehicles’ and charging equipment manufacturing ecosystem in the state of Telangana.
“TMV aims to facilitate companies across all segments of sustainable mobility including electric two-, three-, four-wheelers, Advanced Cell Chemistry and Hydrogen fuel cells, Tier 1 and Tier 2 component manufacturers and auto engineering R&D companies among others,” added Rao.
The Mobility Next Hyderabad Summit was attended by government officials as well as industry leaders including Suman Mishra, CEO of Mahindra Last Mile Mobility Division, and Kamal Bali, President and MD of Volvo Group India, to name some.
