MoU9 Jan 2024, 02:13 pm
Gensol Engineering Ltd. signs MoU with Government of Gujarat for INR 2000 Crore EV Manufacturing Investment
AI Summary
Gensol Engineering Ltd. has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to invest INR 2,000 crore in a state-of-the-art Electric Vehicle (EV) manufacturing plant, poised to generate around 1,500 green jobs in the region. This strategic alliance marks the company's commitment to revolutionizing the ever-growing EV landscape and contributing to India's sustainable growth and green manufacturing.,
Key Highlights
- INR 2,000 crore investment in EV manufacturing
- 1,500 green jobs to be generated
- Partnership with Government of Gujarat to accelerate EV adoption
- Diverse EV portfolio to cater to every aspect of sustainable mobility
- Alignment with India's green vision and net zero commitment by 2070