Tata Technologies offers to set up EV production centre in Punjab

Chandigarh, May 4: In a major initiative aimed at giving fillip to industrial development of the state on one hand and opening new vistas of employment for youth on the other, the Tata Technologies has offered to set up its ambitious Electric Vehicle Production center in Punjab. A delegation of the Tata technologies called on the Punjab Chief Minister Bhagwant Mann on Wednesday at his official residence. Also Read: RBI raises repo rate by 40 basis points to 4.40 pc with immediate effect During the deliberations, the delegation comprising Global CEO of Tata Technologies Warren Harris, President Global HR and IT Pawan Bhageria and others evinced keen interest to set up this unit in the state with a current investment of Rs 250 crore and future investment of Rs 1600 crore. The delegation said that it will lay thrust on development of MSME in EV segment with a focus on cleaner mobility and creating jobs for youth in Punjab. The visiting delegation opined that the company will also ensure Skill development of Youth in the state. Welcoming the initiative, the Chief Minister assured full support and cooperation to the Tata Technologies for this project. He stated that Punjab government is committed for accelerating industrial growth in the state and no stone will be left unturned for this noble cause. Bhagwant Mann said that the government is duty bound to reverse the trend of Punjabi youth going abroad in search of green pastures for their careers by ensuring that best employment opportunities could be created here through such projects. Pointing out further, the Chief Minister categorically said that the state government is already roping in more industrial tycoons from across the country to set up their ventures in the state. He said that Punjab has emerged as the most investment friendly destinations in the country. Mann said that investment friendly policies of state government coupled with hard working, dedicated and skilled Human Resource are a boon for any industrial development. Meanwhile, it was also decided in the meeting that Shaheed Bhagat Singh Nagar based Lamrin Tech Skill University (LTSU) will collaborate with IBM, an anchor partner and with Tata Technologies and Ansys Corporation for a setting up high end technology labs through Innovation Centre for Education with the investment of Rs 602 crore. This will help in producing a pool of skilled labour required for industrial houses in the state. Prominent amongst others present in the meeting included Additional Chief Secretary to Chief Minister A. Venu Prasad and Principal Secretary Investment Promotion Jaspreet Talwar. Also Read: Religious festivals have become a weapon for communal politics, says CPM leader Brinda Karat On the occasion Chancellor Lamrin Technical University Dr Sandeep Singh Kaura, President RERT Nirmal Singh Rayat and Director Lamrin University Satbir Singh were also present. -PTC News