Chief Minister Revanth Reddy has assured Hyundai Motors India Engineering (HMIE) of the Telangana government's full support for its proposed global research and development facility. The Chief Minister stated that all assistance would be provided to expedite the project at the National Investment and Manufacturing Zone in Zaheerabad.
A delegation from HMIE, led by its managing director Changyeon Cho, met the Chief Minister at his camp office on the MCR HRD Institute campus. During the meeting, the Hyundai team briefed the Chief Minister on the project's progress.
The project involves an investment of ₹8,528 crore and a commitment to create 4,276 jobs. It is planned to be developed in phases over 678 acres.
Chief Minister Revanth Reddy highlighted Telangana's strategic advantages, stating that the state is ideally positioned to host large-scale automobile manufacturing investments.
He further noted that Telangana is centrally located in the country, and Hyderabad is known for being cosmopolitan, safest, and having the most livable conditions among the six metropolitan Indian cities.
This project is expected to significantly boost employment opportunities in Telangana and provide a substantial impetus to the state's economy. It marks a crucial step for industrial development in the Zaheerabad region.
