Invest in Hyderabad Telangana, CM Revanth Reddy to NRIs, Firms in USA, South Korea
Hyderabad: Chief Minister Revanth Anumula, along with IT Minister DSB, is on an official visit to Seoul to attract investments for Telangana’s economic growth. During this visit, they met with Hyundai Motor Company officials.
The Chief Minister emphasized Telangana’s dedication to fostering significant investment opportunities, highlighting Hyundai’s plans to establish a state-of-the-art Mega Test Center in the state. This facility will include an automotive test track and a cutting-edge manufacturing plant, focusing on electric vehicles (EVs).
This investment is expected to attract affiliates and suppliers, creating both direct and indirect employment opportunities. Additionally, Hyundai is upgrading its existing engineering center in Hyderabad, which will generate more jobs in India and the Asia Pacific region.
Hyundai reaffirmed its commitment to India, expressing its dedication to developing innovative products and technologies for the Indian market.
The Chief Minister was thanked for creating an environment that encourages such transformative investments, contributing to a sustainable future for Telangana.
CM Revanth Reddy Promotes Warangal Mega Textile Park as Key Investment Hub for Korean Companies
Hyderabad: Telangana Chief Minister A Revanth Reddy, during his visit to the US and South Korea, promoted the Warangal Mega Textile Park as a prime investment opportunity for Korean companies. At a business roundtable organized by the Korea Federation of Textile Industry (KOFOTI), he highlighted the park’s potential to attract significant investments from Korean textile firms. The event was attended by prominent industry leaders, including Kihak Sung, Chairman of Youngone, and Soyoung Joo, Executive Vice-Chairman of KOFOTI, alongside representatives from 25 major textile companies. The response was highly positive, with strong interest in investing in Telangana’s textile sector. To ensure swift action on these opportunities, Industries Minister D Sridhar Babu and a team of officials will form a task force to follow up on potential investments.
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