Chief Minister Revanth Reddy has assured Hyundai Motors India Engineering (HMIE) of the Telangana government's full support for its proposed integrated global research and development facility. The project is slated for the National Investment and Manufacturing Zone in Zaheerabad.
A delegation from Hyundai Motors India Engineering, led by its managing director Changyeon Cho, met the chief minister at his camp office on the MCR HRD Institute campus. Discussions focused on the project's progress.
The chief minister highlighted Telangana’s strategic advantages, stating that the state is ideally positioned to host large-scale automobile manufacturing investments. He emphasized Hyderabad's reputation as a cosmopolitan, safe, and highly livable city among India's metropolitan centers.
This significant project involves an investment of ₹8,528 crore and is expected to create 4,276 jobs. It is planned to be developed in phases over 678 acres.
The Hyundai team briefed the chief minister on the project’s progress, indicating that groundwork for the facility could commence in the coming months.
This substantial investment will contribute significantly to industrial development and job creation for the youth in Telangana, providing a considerable boost to the state's economy.
