New Delhi/ Kolkata, April 18, 2018: With a vision to create a favorable ecosystem for electric mobility between India and Taiwan, Society of Manufacturers of Electric Vehicles (SMEV) has signed a Memorandum of Understanding (MoU) with Taiwan External Trade Development Council (TAITRA). The partnership aims at putting joint efforts for the development of electric vehicles (EV) through the exchange of information and technology.
The MoU provides opportunities to discuss significant matters like Governments’ EV policies, EV market trends, technologies, business and investment possibilities available in the EV sector. It also aims at establishing an R&D sector in the country, giving a boost to EV manufacturers in India at the grassroots level. Additionally, the MoU will provide local assistance to the representatives of both the associations for promoting their business interest in the country. The MoU is expected to bring in more investment and enhancement to the Indian EV industry.
Speaking on the occasion, Mr Sohinder Gill, Director-Corporate Affairs, Society of Manufacturers of Electric Vehicles said, “Our association with TAITRA will provide essential growth tools to the Indian EV sector and help the manufacturers in addressing the challenges with real solutions. This MoU underlines the commitment of both partners to the government’s vision of 100 % electric mobility in India by 2030.”
“As a part of the collaboration, both the parties would be undertaking several market studies on the EV sector to identify key issues and addressing them accordingly. The associations would be taking necessary steps that are feasible for the development of electric vehicles through trade promotion and economic cooperation between the two countries,” said, Mr Walter Yeh, President, Taiwan External Trade Development Council.
In addition, TAITRA and SMEV would be organizing EV Forum during Taiwan Expo in India at Pragati Maidan, New Delhi on 18th May, 2018.
About Society Of Manufacturers Of Electric Vehicles (SMEV)
SMEV is the registered association representing Indian manufacturers of electric vehicles (EV) and electric vehicle components. SMEV works closely with the central and state governments to assist the formulation of policies and processes supporting the EV ecosystem. SMEV plays an active role in the discussion of the issues faced by the Electric Vehicle industry and practical aspects to help enhance the penetration of Electric Vehicles towards meeting the goals of our nation.
About Taiwan External Trade Development Council (TAITRA)
Founded in 1970 to help promote foreign trade, TAITRA is Taiwan's foremost non-profit trade promoting organization. With headquarter in Taipei (Taiwan), TAITRA 60 branches worldwide. Together with Taipei World Trade Center (TWTC) and Taiwan Trade Center (TTC), TAITRA has formed a global network dedicated to promoting world trade.