IT and Industries Minister K. Taraka Rama Rao announced the launch of Telangana Mobility Valley, with plans to invest 6 billion dollars and create 4 lakh jobs in the state. The Minister unveiled the project at HICC and expressed his pride in inaugurating the first edition of the Mobility Next Hyderabad EV Summit, taking place in Hyderabad, which he considers the best city to live in India. At the mobility week meeting, Minister KTR highlighted the significance of the event, as the first-ever Formula-E race is being held in Hyderabad. He emphasized Telangana's position as the second-largest state in the country in terms of solar energy, and expressed the government's support for electric vehicles. The Minister also noted the rapid development of Hyderabad in the automotive solutions sector.
