Proposed EV hub in Bengaluru will house 1000 startups: IT/BT Minister

October 14, 2022

, By Editorial Team

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Karnataka’s proposed EV hub on the outskirts of Bengaluru will house approximately 1,000 EV startups, said the state’s IT/BT Minister CN Ashwath Narayan on Thursday at the opening of an international mobility conference organised by the Society of Automotive Engineers India (SAEI).

According to the minister, the government has already taken several steps to promote the growth of the automotive industry. Five centres of excellence will be established to support training, research, development, innovation, and entrepreneurship. According to Narayan, the state, which is already a popular destination for investments in the IT/BT, semiconductor, and electronics sectors, will soon become a premier hub for electric vehicles. He also stated that the government had prioritised environmentally friendly fuel and environmental protection as prescribed by the United Nations. He went on to say that the government was seriously considering starting production of environmentally friendly hydrogen.

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Proposed EV hub in Bengaluru will house 1000 startups: IT/BT Minister

October 14, 2022

, By Editorial Team

Karnataka’s proposed EV hub on the outskirts of Bengaluru will house approximately 1,000 EV startups, said the state’s IT/BT Minister CN Ashwath Narayan on Thursday at the opening of an international mobility conference organised by the Society of Automotive Engineers India (SAEI).

According to the minister, the government has already taken several steps to promote the growth of the automotive industry. Five centres of excellence will be established to support training, research, development, innovation, and entrepreneurship. According to Narayan, the state, which is already a popular destination for investments in the IT/BT, semiconductor, and electronics sectors, will soon become a premier hub for electric vehicles. He also stated that the government had prioritised environmentally friendly fuel and environmental protection as prescribed by the United Nations. He went on to say that the government was seriously considering starting production of environmentally friendly hydrogen.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Zoomcar agrees to merge with Innovative International Acquisition Corp

Next News

Apple collaborates with Goldman Sachs to offer high-yield savings accounts to Apple Card holders

StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.

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