The incumbent Telangana government has taken a new initiative called the Telanagana mobility valley which had launched on 6 July 2022. In thy when the world economic forum has held, the IT minister of Telangana made a memorandum of understanding with the company called DCC which operates in the field of Auto parts manufacturing. Similar to Silicon valleys, the Telanagana mobility valley will also have a dedicated place to allot all the companies for their operations. The government has taken Yenkathala as the place to put up which is located in Hyderabad.
What is Telangana mobility valley?
Similar to all mobility valley’s throughout the world, The Telangana mobility valley will be a key platform for the automobile industry. It accommodates every single company that wishes to join which belongs to the automobile industry in a single community.
Its main mission is to create a world-class mobility valley in partnership with multiple Automotive OEMs (original equipment manufacturers), suppliers, technology companies, and startups. R&D, Testing tracks, manufacturing of car parts, and some others will be the work operations that will be taken place.
Developments
To see Telangana into one of the largest automobile industry spots in the world, The Telangana government has seen a sizable increase in Investments with large MNCs. At the world economic forum, The IT minister had talks and round table conferences with many well-known companies to bring investments in Telangana. Some of them are
1) Hyundai –
Hyundai has decided to invest 1,400 crores in the capital city to construct testing tracks, and R&d. Hyundai president and CIO YoundCho Chi approved this agreement. Hyundai will also be the first consortium partner in the Telangana Mobility valley. This development will take place in Yenkatala villages near mominpet, Hyderabad.
2) ZF Developments
German Auto parts manufacturer ZF has decided to invest 322 crores in Hyderabad to strengthen its workforce and outcomes. Around 3000 people will get employment through this investment. IT will also strengthen the mobility valley space in Telangana.
3) Global Capability Centre Global capacity center of the US-based advance auto parts has entered Telangana mobility valley with an aim to create more expansion in their business. GCC would act as a platform of innovation, providing critical transformational support and automotive solutions across IT, digital, and finance.
Advantages to near places.
1) Employment
With ongoing developments and upcoming investments, Hyderabad will see a huge number of opportunities in terms of employment, especially in the field of Automobiles. The place near Yankatala will be superior in terms of livability. Hyundai has announced that it will provide around 1000 employment opportunities in different categories.
2) Developments
Developments will skyrocket with the investments. Developments in terms of roads, flyovers, and Electricity will be of high standards. The government is also putting its hand in it. Generally, the place near any cluster will be maintained sophisticated as well as developed due to their requirements.
3) Services
The government is even trying to expand the metro services to near yenkathala once the development of the valley starts. The Telangana mobility valley is the only mobility valley that started now in India.
Our Venture near Yenkathala.
Medhini lake view is one of the most prestigious projects ventured by Medhini meadows. It is just 3.8 Kilometers away from the Yenkathala villages where the government is decided to establish “Telangana mobility valley”. With a total of 11 acres layout, 1 acre is completely dedicated to the clubhouse. This ambitious project has the most astounding lake view. Only a few plots are available now for optimistic investors.
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