Revanth Asks Hyundai to Set Up Car Making Unit
Telangana Chief Minister Revanth Reddy has invited Hyundai Motors to establish a car manufacturing facility in Hyderabad. The company is already planning a major R&D center in Zaheerabad, representing a significant investment and job creation initiative for the region.
Why it matters
This move highlights India's growing role as a global hub for automotive manufacturing and R&D, signaling potential economic growth for the Telangana region.
Hyderabad: Chief Minister A. Revanth Reddy on Friday invited Hyundai Motors to set up a car manufacturing facility in Hyderabad, assuring the company of the state government's full support.A delegation of Hyundai Motors India Engineering (HMIE), led by its managing director Changyeon Cho, met the Chief Minister at the MCRHRDI and informed him that the company was preparing to lay the foundation for its proposed Global Innovation Research and Development (R&D) Centre at the National Investment and Manufacturing Zone (NIMZ) in Zaheerabad in the next few months.The proposed integrated R&D facility involves an investment of `8,528 crore and an employment commitment of 4,276 jobs. Spread over 678 acres, the project will be developed in phases and will include a major research and development facility and a mega test centre.Revanth Reddy highlighted Telangana's strategic location, availability of skilled manpower, dedicated mobility clusters and expanding road, rail and air connectivity.
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