Samko Renewable Energy and SRAM & MRAM Projects have signed a joint venture association agreement to create Samko SRAM & MRAM BESS.

This collaboration aims to spearhead the rollout of the Nikola Tesla Smart City Project, a multibillion-dollar initiative to build gigafactory-scale townships in Tamil Nadu, India, and the United Kingdom. These townships will integrate renewable energy systems, automation, and circular economy production models, covering at least 100 acres and completed over 18 months.

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."