EV-hydrogen unit, bio bags project in Odisha

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EV-hydrogen unit, bio bags project in Odisha

Saturday, 25 March 2023 | PNS | BHUBANESWAR

Global Odia investors, Biswanath Patnaik and UK-based Odia entrepreneur Arun Kar, have joined hands to set up Odisha’s first EV-hydrogen automotive manufacturing plant under their jointly founded private equity investment firm, FINNEST.

While the EV project would be around Rs 500 crore and will be the first EV-hydrogen locomotive factory in Odisha, they will also set up a Bio Bags project worth around Rs 100 crore in the State. 

To be noted, the two UK-based Odia investors Patnaik and Kar recently got featured in Forbes.mc magazine. These two Indians made it to the cover page of the Forbes International Magazine brand, making Odias proud.  FINNEST is associated with Fortune 100/Global 500 top companies for the resources in relation to technology decision makers, influencers, and key opinion leaders. FINNEST has an extensive track record of investing in some of the fastest growing companies across Europe, the UK, USA, Middle East and Asia-Pacific.

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