Tata Technologies offers to establish EV production unit in Punjab
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Tata Technologies offers to establish EV production unit in Punjab

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Tata Technologies offers to establish EV production unit in Punjab

CEO Insights Team, 0

In a major initiative aimed at giving fillip to industrial development of the state on one hand and opening new vistas of employment for youth on the other, Tata Technologies on Wednesday offered to setup its ambitious electric vehicle(EV)production centre in Punjab. A delegation of the Tata technologies called on Chief Minister Bhagwant Mann here at his official residence.

During the deliberations, the delegation comprising Global CEO of Tata Technologies Warren Harris, President Global HR & IT Pawan Bhageria and others evinced keen interest to setup this unit in the state with a current investment of Rs. 250 crore and future investment of Rs. 1,600 crore. The delegation said that it would lay thrust on development of MSME in EV segment with a focus on cleaner mobility and creating jobs for the youth in Punjab. The visiting delegation opined that the company will also ensure skill development of youth in the state.

Welcoming the initiative, the Chief Minister assured
full some support and cooperation to the Tata Technologies for this project. He said the government is committed to accelerating industrial growth in the state and no stone will be left unturned for this noble cause. Bhagwant said the government is duty bound to reverse the trend of Punjabi youth going abroad in search of green pastures for their careers by ensuring that best employment opportunities could be created here through such projects.

Welcoming the initiative, the chief minister assured fulsome support and cooperation to the tata technologies for this project


Pointing out further, the Chief Minister categorically said the state government is already roping-in more industrial tycoons from across the country to set-up their ventures in the state. He said Punjab has emerged as the most investment friendly destinations in the country. Bhagwant said that investment friendly policies of state government coupled with hard working, dedicated and skilled Human Resource are a boon for any industrial development.

Meanwhile, it was also decided in the meeting that Shaheed Bhagat Singh Nagar based Lamrin Tech Skill University will collaborate with IBM, an anchor partner and with Tata Technologies and Ansys Corporation for a settingup a high end technology labs through Innovation Centre for Education with the investment of Rs. 602 crore. This will help in producing a pool of skilled labour required for industrial houses in the state.