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

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?