At the inaugural Mobility Next Hyderabad Summit, held as part of the Hyderabad E-Mobility Week, the Telangana government announced the establishment of Telangana Mobility Valley (TMV). It claims to be India’s first new mobility-focused cluster. TMV is intended to further the growth of sustainable mobility in the nation.
KT Rama Rao, Minister for IT E&C, MA&UD and Industries & Commerce, in his inaugural address, said, “Telangana Mobility Valley will create best-in-class infrastructure making Telangana the most competitive destination for both manufacturing and E R&D in India. TMV aims to attract investments of around Rs 50,000 crore and generate more than 4 lakh jobs in the next 5 years. For this, the State is developing 4 Mega clusters in and around Hyderabad- an EV Manufacturing cluster in Zaheerabad, an EV Manufacturing cluster in Seetharampur, an Energy storage system (ESS) cluster in Divitipally, and an Innovation cluster at Yenkathala.”
The Minister added that the government was well along in its efforts to entice investments totaling more than Rs 3,000 crore, the announcement of which would come in the following two weeks. The investments will improve Telangana’s ecosystem for the production of electric two- and three-wheelers as well as charging equipment.
“TMV aims to facilitate companies across all segments of sustainable mobility including electric two-, three-, four-wheelers, Advanced Cell Chemistry and Hydrogen fuel cells, Tier 1 and Tier 2 component manufacturers and auto engineering R&D companies among others,” added Rama Rao.
He also said that the Hyderabad E-Mobility Week would be held on a regular basis in order to promote collaboration by bringing together thought leaders, subject matter experts, and key figures in the global automotive industry to set the course for sustainable mobility.
