Tata Technologies has offered to set up an electric vehicle production plant in Punjab.
On Wednesday, Tata Technologies offered to set up an electric vehicle production plant in Punjab. A delegation of the Company comprising CEO Warren Harris and President Global HR and IT Pawan Bhageria has met Chief Minister Bhagwant Mann at his official residence.
Tata Technologies has initially invested Rs 250 crore (around $32 million) and Rs 1,600 crore (around $210 million). The delegation stated that the venture would help in the development of micro, small and medium enterprises (MSMEs), focusing on cleaner mobility, job creation, and skill development.
The Chief Minister of Punjab has guaranteed his full support and cooperation with Tata Technologies over the said project. He said that the government is committed to accelerating industrial growth in the state, and no stone will be left unturned for this noble cause.
Mann said the government is duty-bound to reverse the trend of Punjabi youth going abroad in search of green pastures for their careers by ensuring that the best employment opportunities could be created here through such projects. –according to India TV News.
Mann also said that the state is constantly looking for more investment opportunities from more industrial tycoons across the country. He also added that Punjab has emerged as the most investment-friendly destination in the country.
Lamrin Tech Skill University (LTSU) will collaborate with IBM, an anchor partner and with Tata Technologies and Ansys Corporation in setting up a high-end technology lab through the Innovation Centre for Education, with an initial investment of Rs 602 crore (around $79 million). The facility will help produce a pool of skilled labour required for industrial houses in the state.