Omega Seiki Mobility (OSM), part of Anglian Omega Group of companies, has announced that it will be investing INR 100 crore in setting up an EV manufacturing facility in Uttar Pradesh. Towards this, the company has signed a memorandum of understanding (MoU) with the Youth Rural Entrepreneur Foundation (YREF) to set out the framework under which both the entities will set up an electric vehicle manufacturing facility in Ghazipur in Uttar Pradesh. The OEM will be creating 10,000 jobs in the next two years, the release from the company said.
The new manufacturing facility will be a pilot project for OSM where-in the company plans to manufacture electric carts for street vending on three-wheelers and two-wheelers.
YREF is working to create employment opportunities for the youth living in the rural areas of India. The organisation works closely with the central and state governments to create self-employment opportunities for rural youth in the country. The foundation aims to eliminate the need for the youth to migrate to cities for employment.