The Madhya Pradesh authorities will quickly current a coverage on electrical autos and in addition attempt to entice funding within the sector, state minister Rajvardhan Singh Dattigaon mentioned on Thursday.
“We are giving the final shape to our industrial policy for electric vehicles and it will soon be launched by Chief Minister Shivraj Singh Chouhan. We wish to attract maximum investment in this sector,” the minister for Industrial Policy and Investment Promotion instructed reporters after inaugurating the Madhya Pradesh Auto Expo, a two-day occasion, right here.
The division’s principal secretary Sanjay Kumar Shukla mentioned it was the plan of the state authorities to current its coverage on electrical autos at this expo, however as a number of of its factors are but to be given ultimate form, it can’t be introduced in the course of the occasion and it is going to be rolled out in May-June.
More than 100 corporations engaged in manufacturing autos and their spare elements are collaborating within the expo. People can go to it with out having to pay any entry payment, officers mentioned.
Dattigaon additionally invited industries concerned in manufacturing autos, semiconductor chips and different auto elements to put money into the state.
The National Automotive Test Tracks (NATRAX) located close to Pithampur is one in all its form’s largest services in Asia and the traders may make the most of it, the minister mentioned.
On the event, he mentioned the state authorities has already supplied 4,500 hectares of land to automobile manufacturing models in Pithampur and Mandideep and ample land can also be out there for contemporary models.
The current automobile manufacturing models yearly export to the tune of Rs 1,500 crore and these factories are producing employment for 2 lakh individuals.
Source: www.financialexpress.com”