Advait Infratech Limited (AIL), headquartered in Ahmedabad, has signed MoU with TECO 2030, a company based in Norway, for the production of fuel cells in India. As per the agreement, AIL and TECO 2030 plan to form a joint venture (JV) in India, with AIL holding the majority stake. The JV will focus on developing, manufacturing, and marketing TECO 2030 fuel cell technology within the South Asian Association for Regional Cooperation member nations, including Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka.
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