MP government reimburses EV manufacturers for infrastructure costs: CM Chouhan

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To attract investment in EV manufacturing in Madhya Pradesh, the state government will reimburse the cost of basic infrastructure and product patents for EV units, Chief Minister Shivraj Singh Chouhan said here on Friday.

The state government will soon unveil its new investment promotion policy for the units that manufacture electric vehicles and their parts as it has particularly focused on this area, he said in a speech at the first Madhya Pradesh Auto Show.

Under the proposed policy, the government of Madhya Pradesh will reimburse the costs incurred by an industrialist for the development of roads and water and power facilities for establishing new EV production units on private land or vacant government land, Chouhan said.

To promote research and development in electric vehicles, the state government also reimburses the costs of product patents and quality certifications. The new units will also receive relaxation of stamp duty and electricity tariff, among other necessary support, Chouhan said.

The auto fair was organized by the state government. It will be an annual feature, he said.

The government aims to develop the Pithampur industrial zone into a major global hub for the automotive industry, the Prime Minister said.

Automaker Eicher Motors and the Confederation of Indian Industry (CII) will provide a building and provide the basic infrastructure for a Skill Development Academy, which will be built on a two-hectare piece of land, Chouhan announced.

The state government will also present its start-up policy in May. It will fund young entrepreneurs pursuing innovative business projects, he said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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