-
ALSO READ
Andhra Pradesh Cabinet reconstituted, 25 ministers sworn-in
Storm warning for TN coast: Depression over southwest Bay of Bengal
Cyclone Asani intensifies in Bay of Bengal, unlikely to make landfall
Severe Cyclonic Asani moves northwestwards, brings rain along Andhra coast
Andhra Guv condoles loss of lives in train mishap in Srikakulam district
Andhra Pradesh is seeking to position itself as the 'lighthouse state' and attract investments to the tune of USD 4 billion in the electric vehicles segment over the next few years.
As a first step in this direction, the state government on Friday conducted a day-long CEO-Ministerial Dialogue to frame a requisite policy by eliciting views and ideas from various stakeholders.
This is the first such initiative by a state under the World Economic Forum-Moving India network on 'Shaping the Future of Mobility', according to AP Industries and Investment Minister Gudivada Amarnath.
"The global automobile industry today is at an inflection point. The world, especially India, is eagerly waiting for the industry to deliver world-class, affordable and efficient electric vehicles. I would be eager to see e-vehicles roll out from Indian (manufacturing) plants to serve the global markets," the minister said.
The automobile sector was ready for yet another technological leap with the advent of vehicles running on alternative fuels and electricity, he noted and highlighted the "best-in-class innovation and technology" used by Kia Motors to launch India-specific models.
He said Andhra Pradesh was planning to expand the EV landscape at an intense pace while accelerating EV adoption and transitioning towards clean mobility.
"We are seeking to position AP as the lighthouse state and attract investments to the tune of USD 4 billion. Our transition to e-mobility could be a key component in India's drive to become carbon-neutral," the minister said.
"Our aim is to make AP the prime destination for development and manufacture of batteries, generation and storage of hydrogen, manufacture of EV components, battery EVs and also fuel-cell EVs, besides charging equipment. This should also pave the way for sustainable transportation in the state," Amarnath added.
NITI Aayog advisor Sudhendu Sinha, WEF Moving India team members, senior bureaucrats of the state government and representatives of over 60 companies took part in the dialogue.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
