Rajasthan is set to become a hub for electric vehicle manufacturing as the Rajasthan State Industrial Development and Investment Corporation Limited (RIICO) has issued an offer letter to PMI Electro Mobility Solutions Pvt. Ltd. for the establishment of an electric bus manufacturing unit in the Ghiloth Industrial Area.
RIICO has allotted 2,65,329 square meters (65.56 acres) of land for the project, valued at approximately ₹208 crore. The proposed project will attract an investment of about ₹1,200 crore and is expected to generate over 500 direct and indirect employment opportunities.
This major investment marks a significant step toward developing Rajasthan as an e-mobility hub. The project will not only accelerate industrial growth but also promote environmental sustainability and green transportation.
The investment is being made under the MoU signed between the state government and the company during the Rising Rajasthan Investment Summit. RIICO completed the land allotment process swiftly through a recently conducted e-auction.
Under the leadership of Chief Minister Bhajanlal Sharma, Rajasthan’s industry-friendly policies, transparent procedures, and efficient land allotment system have positioned the state among the fastest-growing investment destinations in India.