Japan has undertaken significant investments in Punjab’s automobile industry under CM Amrinder Singh’s new industrial policy that promotes ease of doing business.
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The Punjab government is in talks with Japan to launch electric vehicle (EV) buses based on the Japanese model of state-of-the-art quick charge lithium-ion batteries, beginning with a pilot of five buses in Chandigarh and Patiala, an official said. The government will take forward the discussions on the Japanese EV Corridor during the forthcoming Progressive Punjab Investors Summit 2019 in which the Japan External Trade Organization (JETRO), a Japanese government-related organisation, is partnering for the country session. The JETRO promotes mutually beneficial trade and investment between Japanese organizations and other countries.
A delegation led by the Japanese Ambassador to India will attend the summit, which will also see the participation of key stakeholders from Mitsui, SML Isuzu, Mitsubishi and Yanmar, according to state Additional Chief Secretary Investment Promotion Vini Mahajan. Punjab is also pursuing the setting up of a centre of excellence in advanced and emerging technologies with the Union Ministry of Electronics and Information Technology, she said.