Chief Minister of Telangana, Revanth Reddy accompanied by IT and Industries Minister Sridhar Babu are on an official visit to South Korea to attract investments to boost the state economy. As a part of the visit, they met with Hyundai Motor Company officials in Seoul, South Korea on 12 August 2024. During the meeting, Revanth said, Telangana state government has actively been focusing on major investment opportunities by global giants. Hyundai Motor Company had planned investments into setting up a car testing facility in Telangana through its subsidiary Hyundai Motor India Engineering Pvt Ltd. (HMIE). Telangana State’s industry-friendly policies, progressive and futuristic vision in creating a world-class infrastructure and providing hassle-free permission system has enabled best-in-class companies like HMIE to do business in Telangana.
After the talks with Chief Minister and IT and Industries Minister, the South Korean automotive giant, through its Indian arm Hyundai Motor India Engineering Pvt Ltd. HMIE plans to establish a large Mega Test Center in Telangana. The Mega Test Center will include not only an automative test track facility but also a state-of-the-art test car manufacturing facility including EVs. The Mega Test Center is likely to attract other affiliates and suppliers to set up their facilities in the vicinity. This will help to create both direct and indirect employment opportunities. Moreover, Hyundai Motor India Engineering Pvt Ltd., is expanding by renovating and modernizing the existing engineering center in Hyderabad to create more employment for India and Asia Pacific region. HMIE said, India is a very important market, and we are committed to developing benchmark setting products and technologies for Indian customers. HMIE is thankful and would like to express their gratitude to the Revanth Reddy for providing this opportunity to develop state-of-the-art testing facilities. This investment underscores HMIE’s commitment to India and the Revanth Reddy’s vision for a sustainable future for the state.
