Uttar Pradesh Government Seeks Private Investment in E-Mobility Market

21 Mar 2024 CW Team

The Uttar Pradesh government has issued an invitation to private players to invest in the state's burgeoning e-mobility market. This initiative underscores the government's commitment to promoting electric vehicles (EVs) and fostering a sustainable transportation ecosystem in Uttar Pradesh.

By inviting private investment in the e-mobility sector, the Uttar Pradesh government aims to accelerate the adoption of electric vehicles, reduce air pollution, and enhance energy efficiency in the state. The move is aligned with the government's broader objectives of promoting clean and green transportation solutions.

Furthermore, private investment in the e-mobility market is expected to drive innovation, create employment opportunities, and stimulate economic growth in Uttar Pradesh. It will also contribute to the development of robust infrastructure and ecosystem to support the widespread adoption of electric vehicles across the state.

Overall, the Uttar Pradesh government's initiative to attract private investment in the e-mobility sector reflects its proactive approach towards addressing environmental challenges and promoting sustainable development. By leveraging the potential of electric vehicles, Uttar Pradesh aims to build a cleaner, greener, and more efficient transportation network for its citizens

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Govt Plans Six-Month Import Relief for E-Bus, Truck Makers

The government is considering a six-month relaxation for electric bus and truck manufacturers, allowing them to import fully assembled motors containing heavy rare earth materials without losing eligibility for incentives under the Rs 109-billion PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme.The relief is expected to benefit companies such as Tata Motors, Ashok Leyland, PMI Electro Mobility, JBM Auto, EKA Mobility, Olectra Greentech, Propel, and IPLT Demo. The exemption will apply provided all other localisation requirements are met.However, officials clari..