UK-based Odia investorBiswanath Patnaikand entrepreneur ArunKarhave announced setting up the first EV-hydrogen automotive manufacturing plant in the state. They will invest Rs 500 crore for the electric vehicle project and Rs 100 crore for manufacturing bio bags through their company FINNEST.
With potential association with Odisha government we will be investing in energy, Health care, projects and fintech. It will generate huge EMPLOYMENT opportunities and revenue for the state and local businesses, said Patnaik.
Kar said there are plans to bring in sustainable ventures like EV-hydrogen and alternative to plastic bags to the state.