Telangana announced India’s first new mobility focussed cluster: The Telangana government launched India’s first mobility-focused cluster, Telangana Mobility Valley (TMV) during the first edition of Mobility Next Hyderabad Summit 2023, Telangana.
Aim: To attract investments of around Rs 50,000 crore and generate more than 4 lakh jobs in the next five years in the state.
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In his inaugural address at the first edition of Mobility Next Hyderabad Summit part of the Hyderabad E-Mobility Week, state Minister for IT, Industries and Commerce K T Rama Rao said, To further accelerate growth of sustainability mobility in India, I hereby announce India’s first New Mobility focused cluster, the Telangana Mobility Valley.
TMV aims to facilitate companies across all segments of sustainable mobility including Electric 2Wheelers/ 3 wheelers/ 4 wheelers, Advanced Cell Chemistry and Hydrogen fuel cells, Tier 1 and Tier 2 Component manufacturers and Auto Engineering R&D companies among others.
Rama Rao further said investments aggregating to Rs 3,000 crore plus are in advanced stages and will be announced in the next two weeks. These investments will further strengthen Electric 3-wheeler, Electric 2-wheeler and charging equipment manufacturing ecosystem in Telangana. In TMV, we are bringing together industry and the academia to setup series of Centers of Excellence (CoE) to create industry ready talent. Further, we will be announcing atleast four other CoEs over the next few weeks on topics like Automotive Cybersecurity, Automotive Artificial Intelligence, Electrochemistry and Modelling and Simulation, he said adding another focus area for TMV is to promote mobility startups in the state.
