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massive investment for Telangana state

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vincent

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Massive investment in Telangana . This investment will be akin to the Kia motors of Telangana .

South Korea’s global automotive major Hyundai Motor Company is set to launch operations at the National Investment and Manufacturing Zone (NIMZ) in Zaheerabad, Sangareddy district, in the last week of June.
The development follows the state cabinet sub-committee on industrial and investment promotion approving Hyundai’s ambitious proposal on May 25 to establish a Global Innovation Research and Development Centre in Telangana. The facility, spread across 675 acres, involves a massive investment of Rs 8,528 crore.
The state had initially allotted 400 acres to Hyundai in November 2024. With the latest expansion, another 275 acres have been allocated to support the upgraded plans. The upcoming centre will include advanced infrastructure such as a comprehensive automotive test track, a pilot production line and prototyping systems. The project is expected to create 4,276 direct jobs, giving a significant boost to the region's economy and industrial ecosystem.

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