Connect with us

Business

During a trade visit to India, Boris Johnson applauds Switch Mobility’s investment

Published

3 years ago

on

During a trade visit to India, Boris Johnson applauds Switch Mobility’s investment

During his trade visit to India, UK Prime Minister Boris Johnson praised Switch Mobility for its investment in the UK and India. During his visit to Delhi and Gujarat, the Prime Minister recognised Switch as an example of a company that is helping to strengthen bilateral trade between the two countries. Switch confirmed its plans to invest £300 million across the UK and India to develop its range of electric buses and light commercial vehicles, bringing the total amount of new investment in the UK and India to over £1 billion.

“We are committed to rolling out next generation clean green buses in the UK, and Switch Mobility is at the vanguard of that revolution,” Johnson said. This announcement will bring high-quality jobs and skills to both the UK and India, and it demonstrates our commitment to future-oriented industries.”

The Prime Minister’s visit also coincided with the launch of the company’s new 12m electric bus for India and the announcement of a new technical centre in the UK, with the investment expected to create over 4000 skilled jobs in the UK and India.

“Since forming Switch Mobility over a year ago, we have seen the pace of change to electric vehicles for public and commercial transportation increase significantly,” said Dheeraj Hinduja, chairman of Switch Mobility. We believe we are well positioned to capitalise on this growth, with a strong order bank of nearly 600 buses and ambitious investment plans already in place. The new 12 metre bus has been designed specifically for the Indian market, with a range of up to 300 kilometres.”

Advertisement

Switch’s new technical centre will be the focal point of the company’s global R&D team, as part of the company’s investment in the UK. The centre, which will create over 130 skilled jobs and will be led by Switch’s chief technology officer, Roger Blakey, will focus on the development of Switch’s next generation vehicles. The facility will open in June 2022 and will collaborate closely with Switch’s existing R&D offices in Chennai, Leeds, and Valladolid, which employ a total of 200 engineers.

Related Topics:
Continue Reading

india

Oppn seeks probe into Adani charges in US: ‘Obvious protection of PM Modi’

Published

17 hours ago

on

November 21, 2024

By

Oppn seeks probe into Adani charges in US: ‘Obvious protection of PM Modi’

Following US SEC charges of bribery against Gautam Adani, opposition parties criticise PM Narendra Modi and call for a JPC investigation.

As billionaire Gautam Adani faces charges in the US for alleged bribery and fraud, the Opposition on Thursday intensified its attack on the Centre over its alleged links with the Adani Group.

Gautam Adani has been charged in the US with allegedly paying $250 million in bribes to Indian officials between 2020 and 2024 to secure favourable terms for solar energy contracts. The scheme, prosecutors said, could have earned Adani’s group over $25 billion in profits.

Congress demands JPC probe

Reacting to the charges, the Congress called for a Joint Parliamentary Committee (JPC) probe into alleged scams involving Adani’s conglomerate. The party also demanded the appointment of a “new and credible” Sebi chief to investigate Adani’s financial dealings and compliance with securities laws.

Advertisement

ALSO READ- At 65.2%, Maharashtra records highest voter turnout since 1995 assembly election

Congress leader Jairam Ramesh said the US Securities and Exchange Commission’s (SEC) actions highlight the failure of Indian institutions to investigate the group. “The indictment vindicates Congress’s demand since January 2023 for a JPC into the Modani scams,” Ramesh wrote on X.

He accused Prime Minister Narendra Modi of shielding Adani and claimed Congress’s “Hum Adani Ke Hain Kaun” (HAHK) series had exposed the businessman’s alleged fraud and his ties with the PM.

The fact that it has taken a foreign jurisdiction to properly investigate Adani only shows how Indian institutions have been captured by the BJP, and how decades of institutional development have been undone by greedy and power hungry leaders, the Congress leader said in another post.

Advertisement

“All of this is consistent with a long record of fraud and criminality carried out with impunity with the obvious protection of the Prime Minister,” Ramesh charged.

Other Oppn leaders join attack

Other opposition leaders joined the attack. Trinamool Congress MP Saket Gokhale questioned the BJP’s involvement in Adani’s dealings and demanded an independent judicial probe.

Aam Aadmi Party leader Sanjay Singh accused PM Modi of allowing Adani to tarnish India’s global reputation.

ALSO READ- Adani Group shares plunge after US SEC charges, Adani Green down 16%

Advertisement

Adani stocks latest updates

The allegations rattled markets, with Adani Group stocks plunging. Adani Enterprises fell 20 per cent in pre-open trade, while shares of Adani Ports, Adani Green, Adani Power, and others dropped between 7 per cent and 18 per cent.

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/

Continue Reading
Anyskill-ads

Facebook

Trending