Karnataka Govt to set up EV business cluster for startups; approaches stake holders for discussion

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

The government of Karnataka has taken a step to accelerate startups with the services based on electrical vehicles in the state. The government has planned to build a state-backed EV cluster for businesses and startups, cited Inc42.

The development was observed when the industries department of the government approached various stakeholders to establish the first EV cluster in the state.

While, according to the sources, several prominent EV manufacturers have shown a positive response to the government move. However, the department is currently facing issues with the allotment of land as companies prefer setting up their plants in the vicinity of Bengaluru.

A government official said that the government has been persuading the firms to take up land in Dharwad, which is 431 Km away from the state’s capital, but the companies are not ready.

Yuvraj Sarda, head of strategy at Sun Mobility, said that the EV companies find convenient to establish the EV business cluster nearby Bengaluru as it is the largest electrical vehicle market in the country.

The city has a thriving EV ecosystem with players such as Mahindra Electric, Ather Energy, Yulu, Vogo, and others, he added.

SUN Mobility claims it is willing to settle for a land parcel of 650 acres, 30 to 50 Km away from the city.

Furthermore, other reasons to root for the state capital is the access to a large talent pool, innovative technologies developed by startups and the reduced cost of transportation from factories to the market.

The government, on the other hand, had told the companies that the high cost of land in and around Bengaluru will not allow for a large enough cluster and would increase expenses for companies, most of which are just starting off in the market.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Piyush Goyal flags off nine Sewa Service trains

New Delhi, Oct 15 (IANS) In a bid to achieve last-mile connectivity for people travelling between small towns and...

Sena snubbed as Narayan Rane’s MSP merges with BJP (Lead)

Sindhudurg (Maharashtra), Oct 15 (IANS) In a major snub to ally Shiv Sena, Chief Minister Devendra Fadnavis presided over the Bharatiya Janata Party's long-awaited...

Kuldeep bats for reducing use of single-use plastic

New Delhi, Oct 15 (IANS) India's left-arm chinaman Kuldeep Yadav on Tuesday announced support for sportswear manufacturer Adidas's grassroots level initiative to drive awareness...

SC grants Navlakha four weeks protection from arrest

New Delhi, Oct 15 (IANS) The Supreme Court on Tuesday granted four weeks interim protection from arrest to social activist Gautam Navlakha and asked...

BBC thriller series ‘Doctor Foster’ to get Indian remake

Los Angeles, Oct 15 (IANS) The popular BBC thriller "Doctor Foster" will soon get an Indian makeover, to be directed by Tigmanshu Dhulia along...
- Advertisement -

More Articles Like This