Auto Park gets huge investments from 34 automotive units

Hyderabad: The Auto Park coming up about 40 km from here has attracted over Rs 2,000 crore investments from about 34 automotive ancillary units.

This is in addition to Rs 1,200 crore greenfield project being set up by MLR Motors near the park, according to Ms J. Geetha Reddy, Minister for Major Industries, Government of Andhra Pradesh.

Speaking after the inaugural session of the Hinduja Foundries, Ms Reddy said, “Most of these units have tied up finances already and are at various stages of implementing them. Once they come in, we will be able to attract more car companies and also offer jobs to local youth.”

With MLR Motors and Hinduja Foundries taking up work, this will provide the necessary momentum for more projects to come up in the State, she said.