The state government is in talks with Japan to launch electric buses in Punjab. The electric bus is based on the Japanese model of state-of-the-art quick charge lithium-ion batteries. Initially, the fleet begins with five buses in Chandigarh and Patiala.
Japan to Launch Electric Buses in Punjab
The Punjab government will take the discussions forward during the upcoming Progressive Punjab Investors Summit 2019, with the Japan External Trade Organization (JETRO), a Japanese government-related organization. The JETRO always promotes mutually beneficial trade and investment between Japanese organizations and other nations. A delegation which is led by the Japanese Ambassador to India will also attend the summit.
Punjab is also planning to set up a center of excellence in advanced and emerging technologies with the Union Ministry of Electronics and Information Technology.
By observing the favorable industrial and investment climate in the state, and the rise of business due to the new industrial policy of the Punjab government, Japan has undertaken lumpsum investment in the state in the recent months, particularly in the automobile sector.
Recently, Ludhiana-based Vardhman Special Steels Ltd has received a capital investment of approximately Rs. 500 million from Japan’s Aichi Steel Corp, which acquired 11.4 per cent stake in the Indian steel major.
Other Japanese companies that have invested in Punjab’s automobile industry are Yanmar Holding, which owns over 20 per cent stake in International Tractors Ltd which is commonly known as Sonalika, the biggest tractor manufacturers in the country. Sonalika is now planning to launch new hybrid tractors in India such as Micro Hybrid, Mild Hybrid and three variants of Plug-In Hybrid.
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