South Korean automotive giant Hyundai, through its Indian arm Hyundai Motor India Engineering Pvt Ltd (HMIE), is planning to establish a large Mega Test Centre in Telangana.
The centre will include not only an automotive test track facility, but also a state-of-the-art test car manufacturing facility (including EVs).
The centre is likely to attract other companies - affiliates and suppliers - to set up their facilities in the vicinity. This will help to create both direct and indirect employment opportunities.
This decision came after the State government's delegation led by Chief Minister Revanth Reddy held discussions with the company's representatives at Seoul in South Korea today.
In addition to this, Hyundai India is also planning to renovate and modernise the existing engineering centre in Hyderabad, which will create more employment in the India and Asia Pacific region.
On the occasion, the Chief Minister said, "The Telangana government has been actively focusing on major investment opportunities by global giants. Hyundai Motor Company is planning investments into a car testing facility in Telangana through its subsidiary Hyundai Motor India Engineering Pvt Ltd. Telangana's industry-friendly policies, progressive and futuristic vision in creating world-class infrastructure, and hassle-free permission system has enabled best-in-class companies like HMIE to do business in the State."
HMIE said, "India is a very important market, and we are committed to developing benchmark-setting products and technologies for Indian customers. We are grateful to Mr Revanth Reddy for the opportunity to develop state-of-the-art testing facilities in Telangana."
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