EV-hydrogen unit, bio bags project in Odisha

Global Odia investors, Biswanath Patnaik and UK-based Odia entrepreneur Arun Kar, have joined hands to set up Odisha’s first EV-hydrogen automotive manufacturing plant under their jointly founded private equity investment firm, FINNEST.

While the EV project would be around Rs 500 crore and will be the first EV-hydrogen locomotive factory in Odisha, they will also set up a Bio Bags project worth around Rs 100 crore in the State.

To be noted, the two UK-based Odia investors Patnaik and Kar recently got featured in Forbes.mc magazine. These two Indians made it to the cover page of the Forbes International Magazine brand, making Odias proud.

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