Political News

Can Babu Grab This Ev Startup?

Published by

CM Chandrababu Naidu is actively pursuing investment opportunities that have emerged for the AP government soon after the TDP+ government took office. Yesterday, Naidu met with senior management from BPCL to discuss plans for attracting investments ranging from Rs. 60,000 to 70,000 crore to establish an oil refinery in AP.

Now, another investment opportunity has arisen for AP, this time from an Electric Vehicle manufacturing company called “River,” based in Bengaluru.

The Bengaluru-based startup ‘River’ specialises in electric vehicles and is in talks with the governments of Andhra Pradesh, Telangana, Karnataka, and Tamil Nadu to establish a factory spanning 25-50 acres with the capacity to manufacture 500,000 electric scooters.

Given the fierce competition from Telangana, Karnataka, and Tamil Nadu, Naidu will need to leverage all his expertise and experience to attract the company to AP. His pro-investment approach will face a significant test here.

Previously, Naidu successfully attracted the automobile giant KIA to AP, which remains one of the state’s landmark investments. If CM Babu can secure another automobile startup for AP, particularly a sustainable manufacturer like River, it would generate positive publicity for the new TDP+ government.

This post was last modified on 11 July 2024 4:10 pm

Share
Show comments
Published by
Tags: Chandrababu

Recent Posts

A Mystic Personality In Movies, But.. – Nani About Pawan Kalyan

Nani was one of the first few actors who came out in support of Pawan…

3 hours ago

AR Rahman’s Bassist Shuts Down Rumors In Style

Ever since AR Rahman and his wife Saira Bhanu announced a separation through divorce, the…

5 hours ago