CM assures support for investment of Triton Electric Vehicle in Karnataka

Bengaluru, April 05: Chief Minister B.S.Yediyurappa held a virtual meeting with Himanshu Patel, CEO and Founder of Triton Electric, on investment opportunities for Triton Electric vehicles in Karnataka here today.
Government of Karnataka is very keen to support entry of new age firm like Triton Electric Vehicles and all assistance will be provided with complete customised facilitation, the Chief Minister said. He explained that EV cluster in Ramanagara is being created over an area of 500 acres which will offer a strong and concentrated EV ecosystem.

Karnataka being the first state to launch a dedicated Electric Vehicles policy in 2017 is now updating the EV Policy to make it more investor-friendly.

Despite COVID 19 pandemic hit the economy across the globe, the Government of Karnataka has extended all possible support to the industry growth. The New Industry Policy has special emphasis to make Karnataka an integral part of the global supply chain across industry sectors, the Chief Minister said.

Dr.Rajkumar Khatri, ACS, Industries and Commerce explained that the New Industrial Policy has focus on Advanced manufacturing R&D and Innovation and aims to retain our No. 1 position in Innovation index of the country. Electric vehicles is one of the focus sectors of Karnataka Government, he added.

Gunjan Krishna, Commissioner Industries and Commerce said that the New policy has simplified procurement of land and labour compliances are made easy. Karnataka is providing more concessions to attract investments when compared to other states, she noted.

Triton’s CEO Himanshu Patel expressed interest to invest in Karnataka and assured to look into the prospects. He said that he would be visiting India shortly for an another round of discussions.

Dr.K.Sudhakar, Minister for Health , S.Selvakumar, Secretary to Chief Minister, and others were present.

Leave a Reply

Your email address will not be published. Required fields are marked *