Electric mobility firm Nexzu Mobility has proposed to establish a smart EV Park in Gujarat.

The Atulya Mittal founded company also plans to invest Rs 5,000 crore in the project over the next 10 years.

Nexzu Mobility said it has signed an agreement with the state government for this purpose.

In a statement, the company said,"Nexzu Mobility will invest Rs 5,000 crore over the next 10 years to set up the smart EV park in Gujarat, which is expected to generate employment for over 5,000 people."

"With its focus on clean energy and mobility, high-tech manufacturing and innovation, Gujarat is a fantastic destination for a Smart EV Park. The establishment of the park will strengthen the state's standing as an EV manufacturing hub and support the 'Make-in-India, Make-for-the-World' initiative in the industry," the statement said.

The proposed Smart EV Park will be an industrial park with ready to move in manufacturing facilities, common testing facilities, common R&D units, housing, educational and healthcare facilities.