Advait Infratech Limited announced that it has entered into a Memorandum of Understanding (MOU) with the Government of Gujarat. The privilege of signing two significant Memorandum of Understanding (MOUs) that it believe will contribute significantly to the growth of the company and the state of Gujarat. The signing of a MOU for the manufacturing and assembly of Fuel Cell and Electrolyser at Kadi, Mehsana, Gujarat in the year 2024.

This strategic initiative aims to leverage the state's conducive business environment, thereby contributing to the economic development of the region. Another significant MOU has been signed for the design, manufacturing, testing, and supply of an Emergency Restoration System at Kadi, Mehsana, Gujarat in the year 2024. This project aligns with the commitment to providing innovative solutions and strengthening the presence in the state.

Both MOUs were formalized as part of the Vibrant Gujarat Global Summit 2024, reflecting the dedication to contributing to the economic progress of the state. MOUs will involve a proposed investment of INR 450 million. The project is anticipated to generate over 120 employment opportunities.

Government of Gujarat would facilitate Advait Infratech Limited to obtain necessary approvals and clearances from the concerned departments of the State, as per the existing policies/rules and regulations of the State Government.