Q: Are there many new investors interested in starting projects in Aditbatla like the Hero MotoCorp group? What developmental plans do they have as of now?
Hey have you heard of the first big ticket investment in the new state of Telengana? The chief minister has already laid a stone in the project site. Tata Group plans to fully build new generation Dornier aircraft in its Hyderabad facility which is located in Adibatla. The company is really doing well on an international scale because they also are involved in 100 per cent export dedicated joint ventures with Sikorsky and Lockheed Martin which is also in Adibatla. All these factors play a part in improving the infrastructure in this locality. Adibatla is a very good place to invest in because it seems to be having lots of potential!
Actually the 3 member team had searched for long along the Outer Ring Road and they looked in 9 different locations. They wanted to know how good the water and electricity supply was in each place to feed their plant. A couple of industry a]officials had also accompanied them. Finally it was decided that they wanted 360 acres of land in Aditbatla for the proposed project. This land was offered by the government. They also signed an MoU with the government that says that work is going to start very soon. It is estimated that Heromotocorp will invest 1500 crores in this project where they will be manufacturing 15 lakh 2 wheelers per year.
Hey, the Australian based company is called NNL Consolidate Ltd. It's a iron ore and pellet manufacturing firm and it proposed to set up investment in 2 regions in Hyd, namely Karimnagar and Siddipet. They plan to open up a plant here with an investment of 1000 crore! The NNL representatives had met the CM K Chandrashekar Rao to discuss the issue. And I think a 3 member team from Hero Motocorp also came to the city to search for land to set up their manufacturing plant which would be the first in south india. So yes, many projects heading this way.
Yes this is true. A lot of developmental projects are happening in Adibatla. The adlabs imagica amusement park is one of the biggest projects that is going to take place at an international level. The new state of Telanganna is quite blessed with this project as it will get in a lot of revenue and will expand tourism sector. On Wednesday, Telanganna got a big boost in the industrial sector when 2 representatives from big companies, came to the city as they were interedted in investing in Adibatla. The first company was the Hero MotoCorp and the other one is an Autralian based company. These projects will help improve development of the city.