Chief Minister A Revanth Reddy met with a delegation from Hyundai Motor India Engineering (HMIE) at the Bodhi Pavilion in the MCR HRD Institute in Hyderabad on Friday. The Chief Minister pitched Hyderabad as an ideal location for Hyundai to establish a car manufacturing unit in the state.
The delegation, led by managing director Changyeon Cho, was informed by the Chief Minister that his government is prepared to offer all necessary support to encourage car manufacturing within Telangana.
Chief Minister Reddy highlighted Hyderabad's strategic central location within the country. He also noted that Hyderabad is recognized among the six metropolitan Indian cities for its cosmopolitan nature, safety, and high livability conditions.
Revanth Reddy further assured the Hyundai Motor India leadership of comprehensive support to expedite the work on the Hyundai Motor India Engineering (HMIE) Integrated Global R&D facility. This facility is planned for the National Investment and Manufacturing Zones (NIMZ) in Zaheerabad.
The R&D facility represents an investment of Rs 8,528 crore and is projected to create 4,276 jobs. Its phased development is planned across a 678-acre site.
