SRAM & MRAM GROUP SIGNS HISTORIC AGREEMENT WITH HIMACHAL PRADESH GOVERNMENT

New Delhi, Nov 15, 2019: UK based global conglomerate SRAM & MRAM Group signed an historic association with Himachal Pradesh Himachal Pradesh government to setup an EV bus manufacturing unit. SRAM & MRAM Group, a billion dollar conglomerate in association with CSEPEL Holding Nyrt, Hungary, will become the world’s largest bus manufacturing conglomerate in the world with a capacity to produce over 8,000 buses per annum.

SRAM & MRAM

This agreement would enable SRAM & MRAM group  will enter  the Indian auto sector in a big way and attain leadership position and also  move towards establishing itself as one of the leading green energy company with its thrust on EV based auto products. SRAM & MRAM group has been signing multiple agreements with various governments across the globe to produce and operate buses on BOOT model.

The Himachal Pradesh government has been the first government in the country to take the plunge into the green energy based solutions which could ensure it maintains its base as a tourist destination without sacrificing growth besides generating employment in the region.

Considering that the entire business would be run on the BOOT model, the initiative would help developing economies to utilise the expertise of the conglomerate to ensure they are enable to use the BOOT business model of the cash rich conglomerate and march towards the green revolution.

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Chief Minister, Jayaram Thakur, along with the Prime Minister of India, Narendra Modi has been vocal about conserving the greenery of Himachal Pradesh and whose efforts to promote Himachal Pradesh as a investment destination without sacrificing its tourist attractions has been receiving rave reviews across the industry circles. Thakur’s idea of reducing the unemployment rate substantially within the space of the next 3 years is seen in the efforts being taken by his government.  The recently concluded Himachal Pradesh Investor Summit is one of the many initiatives taken by Thakur.

He said that he was very happy to note that that conglomerates like SRAM & MRAM group are taking the plunge to see the economic development of the state and urging them to setup its manufacturing base in UNA area in Himachal Pradesh.

Dr. Sailesh Lachu Hiranandani, Chairman, SRAM & MRAM Group & ELPRO Group reiterated the need for large corporates to participate in the economic development of the Indian Economy.  He said that it is the duty of the Indian expat population to reinvest their time, money and resources back to the mother country to ensure that the growth process is triggered in the correct direction keeping futuristic ideologies and technologies in mind.