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January 18, 2025e-Paper

People Tech Enterprises signs MoU with A.P. govt. to set up Orvakal Mobility Valley in Kurnool district

Proposed to be developed with an investment of ₹1,800 crore, OMV aims to provide state-of-the-art infrastructure for manufacturing electric vehicles

Published - January 18, 2025 06:36 pm IST - VIJAYAWADA

V Raghavendra
V. Raghavendra

People Tech Enterprises Private Limited has signed an MoU with the Government of Andhra Pradesh to set up Orvakal Mobility Valley (OMV), a 1,200-acre electric vehicle park, in Kurnool district. 

Proposed to be developed with a total investment of ₹1,800 crore, the OMV aims to provide state-of-the-art infrastructure for manufacturing Electric Vehicles (EVs) and its allied industries. 

As the anchor unit, People Tech Enterprises Private Limited will set up an electric two-wheeler manufacturing plant with an investment of ₹300 crore.

The MoU was signed by Andhra Pradesh Economic Development Board CEO C.M. Saikanth Varma and People Tech Group CEO T.G. Viswa Prasad in the presence of IT Minister Nara Lokesh and Industries Minister T.G. Bharath.

Published - January 18, 2025 06:36 pm IST

Related Topics

Andhra Pradesh / Vijayawada / investments / Kurnool

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