ABB has said that its CEO Ulrich Spiesshofer met India’s Prime Minister, Narendra Modi, in New Delhi during the MOVE Summit on 7th September.
Spiesshofer’s talks with the Prime Minister focused on how ABB can support the government’s renewable energy targets, and accelerate public transportation’s transition to electric power.
“By embracing e-mobility now, India can leapfrog other nations and become a world leader in e-mobility, while at the same time reducing emissions and dependence on fossil fuels. ABB is a technology leader for electric mobility and we are well positioned to partner India‘s electric mobility mission 2030,” said Spiesshofer.
Spiesshofer’s meeting with the Prime Minister comes at a time when India has set an ambitious target of producing 227 GW of renewable energy by 2022, and has launched an initiative to electrically power majority of its public transport vehicles. India is also investing to make its power grid more resilient in the face of growing demand.
Meanwhile, shares of the company were trading at Rs 1354 apiece, up 0.65 per cent from the previous close at 09:24 hours on BSE.