Chandigarh, December 3
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 the Chandigarh-Patiala.
Government will take forward the discussions on the Japanese EV Corridor during the forthcoming Progressive Punjab Investors Summit 2019, in which Japan External Trade Organization (JETRO), a Japanese government-related organization, is partnering for the country session. JETRO promotes mutually beneficial trade and investment between Japanese organizations and other countries.
Punjab is also pursuing for a Centre of Excellence in advanced and emerging technologies (i.e AI/IoT) with Ministry of Electronics and Information Technology (MEIT), India envisaged under the umbrella MOU between METI, Japan and MEIT, India, said Vini.
The importance of Japan in Punjab’s investment plans can be gauged from the fact that Capt. Amarinder Singh had interacted with the earlier Ambassador of Japan Kenji Hiramatsu on multiple occasions in Delhi and Chandigarh to discuss new partnerships aided by the strong industrial ecosystem and positive investment scenario in the State.
Punjab is a renowned manufacturing hub of auto, bicycles and related components with many units in Ludhiana and Jalandhar clusters. The inherent strength of its economy is also playing a vital role in securing investments from both domestic and international players, said Vini, pointing out that, bucking the national trend, the primary sector in Punjab grew at 10.31% from 2016-17 to 2017-18, against an India average of 7.20%. The estimated growth from 2017-18 to 2018-19 is 6.09% while that for India is 5.45%. The `Make in Punjab’ focus had also translated into significant performance for the Manufacturing sector, which has grown by 8.71% from 2016-17 to 2017-18 and is estimated to have grown by 9.2% from 2017-18 to 2018-19.