Samko Group and Sram & Mram Group Sign JV to lead Nikola Tesla AI-Ready Smart Cities, BESS Manufacturing, and Major Townships in Tamil Nadu & the UK

SRAM & MRAM Group shall bring in technological know-how and tie-ups, including offtake agreements with Tesla Group and other companies. It shall also help with arrangements from the respective governments for grants and credit facilities. At the same time, Samko Renewable Energy Limited will lead financing coordination, land rights, operational execution, and working-capital management.

Dr Sailesh L. Hiranandani, Chairman of SRAM & MRAM Group, stated, “We are thrilled to partner with Samko Group and TESLA Group a.s. on this groundbreaking initiative. Our expertise in technology, healthcare, and global operations will catalyze innovation in renewable energy and biotechnology, creating jobs, advancing technology, and delivering economic benefits across nations.”

Mr Nanda Bhagi, President of TESLA Group Global, mentions the need for symbiotic associations with like-minded partners to propel the Group’s global business initiatives. He hopes that the association is not just limited to the Energy storage division but shall encompass all the worldwide manufacturing and energy storage facilities across various locations with immediate focus on Tamil Nadu in India and the United kingdom and shall concentrate on Nikola Tesla Smart city having GIGA Factories, Towers, Commercial Malls, Coffee Shops and Resorts and help build an integrated township that shall herald the beginning of a new global village community that shall be self sufficient in all respects.

Mr.Sampath Kumar Mallaya, a renowned businessman in the renewable energy sector and the hospitality segment and an accomplished entrepreneur, investor, and business strategist with a diverse and expansive global business portfolio spanning hospitality, flagship restaurants, leisure, petrochemicals, industrial asset management, and oil & gas has together with SRAM, finalised the locations in the United Kingdom and India in the state of Tamil Nadu for rolling out NIKOLA TESLA India’s first and the largest integrated smart city with a giga factory.

Mr Vaidyanathan, CEO, Samko Holdings, has been instrumental in setting up the entire tech stack for Samko, including their foray into petrochemicals.  He has been the bridge between SRAM and SAMKO, establishing a very symbiotic relationship with SRAM.