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Srinagar: In a significant move towards sustainable energy
solutions, NexGen Energia has announced plans to invest Rs 1,000 crore in
establishing a cutting-edge manufacturing unit for electric vehicles (EVs) in
Jammu and Kashmir. The announcement is aimed to bolster the company's efforts
towards self-reliance and eco-friendly transportation. Engaging in discussions
with the Jammu and Kashmir administration, NexGen Energia is actively scouting
for a suitable 100-acre plot of land, exploring options within the Kathua's
Industrial area or the Kashmir Valley. This strategic move follows the
company's recent declaration of investing Rs 3,000 crore in a Compressed Bio
Gas (CBG) plant in Gujarat, showcasing its commitment to sustainable energy
initiatives across diverse regions. Piyush Dwivedi, chairman, NexGen Energia,
reiterated the company’s dedication to fortifying India’s 'Make in India'
initiative.
"In tandem with 'Make in India', we are steering
towards the realisation of a self-reliant India. Establishing an EV plant in
Jammu and Kashmir, with a Rs 1,000 crore investment, is a testament to our
commitment," Dwivedi said. He further highlighted the potential for job
creation, projecting both direct and indirect employment avenues for
approximately one lakh individuals. In addition to its manufacturing plans,
NexGen Energia is set to unveil its most affordable electric two-wheeler,
priced attractively at Rs 36,900, originating from its Noida facility on April
15. This move aligns with the company's goal of making eco-friendly
transportation accessible to a broader consumer base. Further demonstrating its
commitment to sustainable energy, NexGen Energia recently engaged in
discussions with Nitin Gadkari, the Union Minister for Road Transport and
Highways. Topics included the expanded utilisation of CBG and the indigenous
production of EVs, showcasing NexGen Energia's holistic approach towards green
mobility solutions.
Despite active responses from domestic companies and strong interest from overseas manufacturers in the Indian market, issues related to domestic industry protection and the business environment rem..
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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