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Tamil Nadu to set up exclusive park for EVs, targets Rs 50k-cr investment

The state plans to create 150,000 jobs with a comprehensive EV ecosystem in the state

The Rs 100-billion wager
Last year, Tamil Nadu announced a comprehensive EV policy, which gives incentives and subsidies for both supply side and demand side.

Tamil Nadu is planning to set up a park exclusively for the electric vehicle production eco-system. This will be the country's first electric vehicle park. The state is targeting around Rs 50,000 crore investment in the EV segment and announced a series of incentives to attract investments in the EV space. Speaking at the Auto CXO Roundtable, Neeraj Mittal, MD & CEO at Guidance Bureau, Tamil Nadu, said that the vision of Tamil Nadu government is to attract Rs 50,000 crore investment and to create 150,000 jobs with a comprehensive EV ecosystem in the state. Last year, Tamil Nadu ...