- Mon, Jul 18, 2022 7:39 PM
The State is considering several locations for the Mobility Valley, including the Vikarabad district. Hyundai, a global automaker, recently announced a ₹1,400 crore investment as an anchor investor in the Valley. The company proposes a ‘proving ground’ with testi tracks and other infrastructure to simulate driving conditions. Aside from traditional automotive original equipment manufacturers, the government is also in talks with electric vehicle and electronics companies that make auto chips and solutions.
“We have taken up several Strategic Road Development Projects and laid 30 flyovers in the past eight years to ensure smooth flow of traffic in Hyderabad,” the minister said, adding that Hyderabad has emerged as an attractive location for such capability centers, with ‘unparalleled infrastructure’, including a 70-km Metro route.
Further he added, “We are adjudged as the Most Liveable City in India for six consecutive years by Mercer,” citing Uber, ZF, DBS, and Micron have significantly ramped up their capability center operations in Hyderabad, while Microsoft, Google, Amazon, and Wells Fargo made the city their second home after their headquarters.