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Panel recommends green nod for Vinfast EV plant
The New Indian Express
|July 14, 2024
THE State Expert Appraisal Committee (SEAC), which aids the State Level Environment Impact Assessment Authority (SEIAA) on environmental evaluation of projects, has recommended environmental clear ance to Vietnamese electric vehicle manufacturer Vinfast Auto India Private Limited to set up the Phase-1 of its electric vehicle manufacturing plant in Sipcot Industrial estate in Silanatham in Thoothukudi.
SEIAA is likely to grant the clearance soon based on the recommendations of the SEAC. Vinfast announced investments worth ₹16,000 crore to build the integrated EV facility, with a capacity to produce 50,000 vehicles per annum, during the third edition of the Tamil Nadu Global Investors Meet. The Phase-1 of the plant will come up at 425 crore.
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