ABB CEO meets Prime Minister

NEW DELHI: ABB Chief Executive Ulrich Spiesshofer met Prime Minister Narendra Modi and discussed how the company can help accelerate transition of public transportation to electric power, the company said on Saturday. The meeting between Modi and Spiesshofer took place during the Global Mobility Summit 'MOVE' here.

In a filing to the BSE, power and automation technology firm ABB said Spiesshofer's talks with the PM 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, Spiesshofer said.

Spiesshofer's meeting with the PM 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 shift around 15 per cent public transport vehicles to electric mobility. "This is not just limited to electric vehicle charging infrastructure, but also includes the entire electricity value chain. We very much

look forward to continuing sharing of ideas on driving forward India's e-mobility revolution," Spiesshofer added.