Telangana announces India’s first new mobility focussed cluster

Daily Current Affairs / Telangana announces India’s first new mobility focussed cluster

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Category : State Published on: February 08 2023

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The Telangana government launched the country's first new mobility-focused cluster, Telangana Mobility Valley' (TMV), which aims to attract investments of around Rs 50,000 crore and generate more than 4 lakh jobs in the next five years in the state.
Each of the clusters will be equipped with state-of-the-art infrastructure to reduce the cost of operations for their tenant.
As part of the event, the State also announced three Memorandums of Understanding (MoUs) -- ATS-TUV Rheinland MoU with Telangana Government; Bosch Global Software Technologies MoU with BITS Hyderabad, and Telangana Academy for Skill and Knowledge's (TASK) MoU with Shell.