03-19-2023, 02:48 AM
Following are excerpts from https://www.newindianexpress.com/states/...56545.html
Quote:Published: 16th March 2023 10:55 AM | Last Updated: 16th March 2023 10:55 AM
UK-based Odia investors plan EV truck unit in state
The plant would have a capacity of producing 3,000 vehicles per year and provide direct employment to over 500 persons besides promoting ancillary industries.
By SN Agragami Express News Service
BHUBANESWAR: UK-based Odia investor Biswanath Patnaik and entrepreneur Arun Kar have evinced interest in setting up an EV-Hydrogen truck and commercial heavy vehicles manufacturing plant in Odisha.They have planned to invest Rs 500 crore in the project through their FINNEST company, which focuses on disruptive ideas in the field of clean and renewable energy, sustainable environmental solutions, fintech, etc.
The EV-Hydrogen truck manufacturing unit would be the first-of-its-kind in the country, focusing on producing heavy vehicles that would be powered by both hydrogen fuel cells and battery electric, said Arun Kar, director FINNEST. ...