Nation Other News 05 Aug 2022 AP to attract $4 bil ...

AP to attract $4 billion in EV segment: Minister

DECCAN CHRONICLE. | DC CORRESPONDENT
Published Aug 5, 2022, 5:29 pm IST
Updated Aug 5, 2022, 10:16 pm IST
Andhra Pradesh Government Planning to invest in Electric Vehicle Segment. (DC image)
 Andhra Pradesh Government Planning to invest in Electric Vehicle Segment. (DC image)

VIJAYAWADA: Andhra Pradesh government is planning to attract investments worth USD $4 billion in the electric vehicle (EV) segment, announced industries minister Gudivada Amarnath on Thursday.

Speaking on the eve of a virtual CEO-Ministerial Dialogue being organised here on Friday in collaboration with Andhra Pradesh Economic Development Board (APEDB) and World Economic Forum – Moving India, the minister said 60+ companies, a mix of traditional and conventional players apart from recent, potential start-ups; will be participating in the dialogue.

The primary objective of the CEO-Ministerial Dialogue is to position AP as the “light-house state” for advancing India’s and industry’s ambition to lead the global transition to clean mobility and develop policy initiatives in collaboration with stakeholders. A major contribution to this will be from investments in EV segment.

Amarnath said AP government is planning to expand the electric vehicles’ landscape with fervour, thereby accelerating EV adoption and transitioning the state towards clean mobility and carbon neutrality. He pointed out that AP is the first ever state in India to get associated with the WEF – Moving India initiative on “Shaping the Future of Mobility”.

The minister asserted that the AP government will fully support industry leaders in developing and implementing plans and programmes for meeting climate goals, including net-zero economic growth and green mobility.

Principal secretary (Transport) M.T. Krishna Babu, special chief secretary (Transport) K. Vijayanand, and NITI Ayog adviser (Infrastructure Connectivity, Transport & Electric Mobility) Sudhendu J. Sinha will be among those attending the programme.

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