Omega Seiki signs MoU to set up Rs 100 cr electric vehicle unit in UP
POWER & RENEWABLE ENERGY

Omega Seiki signs MoU to set up Rs 100 cr electric vehicle unit in UP

A member of the Anglian Omega Group, Omega Seiki Mobility (OSM), has inked a Memorandum of Understanding (MoU) with Youth Rural Entrepreneur Foundation (YREF) to set up an electric vehicle (EV) manufacturing unit with an investment of Rs 100 crore in Ghazipur, Uttar Pradesh.

To generate self-employment opportunities for rural youth of the country, the YREF works closely with the central and state governments. This foundation has been working with government and non-government organisations to create enough entrepreneurial possibilities for rural youth in their areas.

Founder of Omega Seiki Mobility, Uday Narang, told the media that the company is excited to partner with YREF. The Covid-19 pandemic has thrown at us a major challenge, but it has also brought us plenty of opportunities. OSM expects that transport sector electrification is the first step to solve the problems of air pollution, which has been bothering our cities.

OSM believes that the EVs will also perform a significant role in targeting one of the biggest problems of India; unemployment, he further added.

In India, there are around 6.5 lakh villages, of which more than one lakh are in Uttar Pradesh. This program will work as part of the Skill India campaign of the central government. For OSM, Ghazipur is a pilot project and it is proposing to produce EVs there and customize them based on the personal and business needs of customers.

Youth Rural Entrepreneur Foundation, CEO, Mr. Sunil Singh, said that OSM and YREF are committed to generating employment in rural India. This partnership will be a responsible investment in the electric space for producing electric carts for street vending on electrical two and three-wheelers.

Image Source


Also read: Tata Steel to deploy electric vehicles for steel transportation

A member of the Anglian Omega Group, Omega Seiki Mobility (OSM), has inked a Memorandum of Understanding (MoU) with Youth Rural Entrepreneur Foundation (YREF) to set up an electric vehicle (EV) manufacturing unit with an investment of Rs 100 crore in Ghazipur, Uttar Pradesh. To generate self-employment opportunities for rural youth of the country, the YREF works closely with the central and state governments. This foundation has been working with government and non-government organisations to create enough entrepreneurial possibilities for rural youth in their areas. Founder of Omega Seiki Mobility, Uday Narang, told the media that the company is excited to partner with YREF. The Covid-19 pandemic has thrown at us a major challenge, but it has also brought us plenty of opportunities. OSM expects that transport sector electrification is the first step to solve the problems of air pollution, which has been bothering our cities. OSM believes that the EVs will also perform a significant role in targeting one of the biggest problems of India; unemployment, he further added. In India, there are around 6.5 lakh villages, of which more than one lakh are in Uttar Pradesh. This program will work as part of the Skill India campaign of the central government. For OSM, Ghazipur is a pilot project and it is proposing to produce EVs there and customize them based on the personal and business needs of customers. Youth Rural Entrepreneur Foundation, CEO, Mr. Sunil Singh, said that OSM and YREF are committed to generating employment in rural India. This partnership will be a responsible investment in the electric space for producing electric carts for street vending on electrical two and three-wheelers. Image Source Also read: Tata Steel to deploy electric vehicles for steel transportation

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement