A delegation from the Electric Vehicle Manufacturers Association met Arunbir Singh, CEO of the Yamuna Authority. He assured the CEO that if the authorities develop the Electric Vehicle City, at least 50 companies will start their units in the city.
New Delhi: E-rickshaws, e-scooters, e-bikes and electric cars will now be manufactured only in Noida, Delhi. Work is also underway on a major project. Electric Vehicle City will be developed on 100 acres to accommodate companies. Recently, a delegation from the Electric Vehicle Manufacturers Association met with the CEO of the Yamuna Authority on the issue.
The CEO also expressed interest in the proposal and said 100 acres of land would be provided. This is not the first time that land has been allocated to Jever Airport for the development of the park. Work is already underway on about half a dozen parks. In Sector-26, land can be allotted for the Electric Vehicle City.
Fifty companies will come to Electric Vehicle City
A delegation from the Electric Vehicle Manufacturers Association met Arunbir Singh, CEO of the Yamuna Authority. He assured the CEO that if the authorities develop the Electric Vehicle City, at least 50 companies will start their units in the city. It will not only be built on e-rickshaws, e-scooters, e-bikes and electric cars, but also on lithium batteries used in e-vehicles in the city as well as electric vehicles.
Authorities also assured traders that when the Electric Vehicle City was formed, it would also provide land with a public utility center, a Research and Development Center, a Lab Testing Skills Development Center, and a Green Innovation Center. For this reason, the authorities have asked for a detailed project report from all the traders.
The facility will also be available in Electric Vehicle City
Authorities said that if e-vehicles meet the commercial conditions, they will be given all the benefits under one roof. Traders do not have to go astray. They will get all the benefits under one roof. Those who set up an electric vehicle unit get a 50 percent discount on interest for seven years. The government will pay.
There will be a five percent subsidy on research and development. Electricity tariffs will be waived for 10 years. There will be a 50 percent discount on stamp duty. The state GST will be given a 40 per cent rebate for 10 years. More than 200 employees will support the government in PF.