UP govt announces sops for EV manufacturers

In its bid to promote manufacturing of electrical vehicles in Uttar Pradesh, the Yogi government has decided to provide various incentives and subsidies to the investors and will encourage those investors that carry out skill development of the employees.

Provisions have been made in the EV Manufacturing and Mobility Policy in this regard. Information about financial incentives for skill development has been provided in the manual related to the implementation of the policy.

“Skill development subsidy will be provided to companies investing in EV manufacturing in the state. Additionally, a separate financial incentive will also be provided to train the employees in a particular year,” government spokesman said here on Wednesday.