Thursday, Jul 7 2022 | Time 03:28 Hrs(IST)
Business Economy

Telangana govt invites Arrival UK to invest in Telangana

Hyderabad, May 21 (UNI) Telangana Industries and Commerce Minister K T Rama Rao (known as KTR), who is on UK tour, on Saturday said he wished to see Arrival’s Bus fleet service being launched in Hyderabad in line with Telangana’s vision to become the most electrified state in India in terms of mobility.
Arrival is a London headquartered NASDAQ listed revolutionary technology company which is using a new and better approach to sustainable manufacturing focusing on electric vehicles in the commercial vehicle segment like buses and vans.
KTR along with Principal Secretary Jayesh Ranjan and the senior leadership of ALLOX Resources (a Hyderabad based company), who visited Arrival UK Limited at Banbury, discussed possible use of Arrival bans and buses for last mile connectivity for the Hyderabad Metro, ambulance services, long haul bus services.
Arrival UK Ltd has joined hands Allox Resources LLP to scope the Business for Arrival’s Buses and other Electric Vehicles in Telangana and India as a territory.
With companies like Arrival investing in Telangana, this goal should be achieved sooner, the Minister said.
Telangana Industries Minister assured Arrival of all support possible from the state government.
They also discussed the EV policy which provides preferential market access to companies manufacturing out of Telangana and handed over a letter of support to Arrival for preferential market access for its buses.
The state would soon also encourage private companies and educational institutions to shift to Electric buses to reduce the net emissions, the Minister added.
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