Telangana targets EV boom with Industrial Policy 2.0 and attracting industry

Telangana is actively pursuing an EV boom through its Industrial Policy 2.0 and by making strategic efforts to attract industry. The state's Director of Industries, Nikhil Chakravarthi, emphasized the government's commitment to drawing in electric vehicle manufacturers, battery suppliers, and related companies through attractive incentives.

Chakravarthi spoke at the EV awareness conference, ASSOCHAM’s MobilityNext 2047, where discussions centered around advancing greener mobility and establishing the necessary ecosystem to spur rapid EV adoption. He highlighted Telangana's dedication to bolstering investments throughout the automotive value chain, encompassing EV production, batteries, and charging infrastructure.

Chakravarthi underscored the significance of leveraging the state's industrial prowess, enhancing ease of doing business, and fostering stronger connections among industry, academia, and skill development to propel the next stage of mobility. The forthcoming Telangana Global Summit will unveil "Industrial Policy 2.0," which features 10 groundbreaking policies covering semiconductors, logistics, and electronics.

ASSOCHAM Co-chair Rambabu Boorugu stressed the necessity of a comprehensive ecosystem encompassing vehicle manufacturing, battery technology, charging infrastructure, public transportation, and recycling. Harsh Vardhan, Chair of ASSOCHAM, underscored the importance of collaboration between industry, academia, and startups in cultivating indigenous expertise in artificial intelligence, robotics, and digital technologies for the mobility sector.