Telangana Govt To Formulate Action Plan To Become Destination For Automobile, EV Sectors

(MENAFN- IANS) Hyderabad, Nov 10 (IANS) The government of Telangana is formulating a strategic action plan to establish the state as a premier investment destination in the country for the automobile and electric vehicle (EV) sectors, with the primary objective of attracting substantial investments into the state.

The state aims to attract major investment in the automobile and EV sectors at the 'Invest Telangana Global Summit - 2026' scheduled to be held next month.

As part of the preparations for the event, the first meeting of the newly constituted executive council for the automobile and EV sectors will be held on Wednesday.

Minister for Transport and BC Welfare Ponnam Prabhakar will chair the meeting, which will be held in a hybrid format (both online and offline).

Following outreach to prominent companies, industrial organisations, industry experts, and key stakeholders in the automobile and EV sectors, about 25 entities have agreed to participate in this council, an official release said.

During this meeting, Minister Ponnam Prabhakar will have direct discussions with industrialists and representatives from companies in the automobile and EV sectors.

He will gather insights regarding their interest in investing in Telangana, their investment proposals, ongoing projects, industrial expansion plans, and future development opportunities.

The minister will seek suggestions and advice from these industry leaders on issues like manufacturing of automobiles and electric vehicles, development of EV charging infrastructure, battery technology, clean mobility, and the integration of advanced technologies within the transport sector.

The objective of the meeting is to understand the interest of companies in investing in Telangana's automobile and EV sectors, as well as to review their investment proposals, ongoing projects, and industrial expansion plans.

It will invite the participation of leading companies and industrial organisations in the Investment Expo, which will be held as part of the 'Invest Telangana Global Summit – 2026'.

The meeting will gather insights from industry leaders regarding the policy frameworks, infrastructure, and government support required for the development of the automobile and EV sectors.

It will also identify key topics for discussion during the dedicated session on the automobile and EV sectors at the global summit.

It is also aimed at strengthening coordination between industries and government departments to establish Telangana as a premier investment destination for the automobile and EV sectors.

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