Hyundai Motor India invited by Karnataka government for plant set-up in Hubli

Hyundai Motor India invited by Karnataka government for plant set-up in Hubli New Hyundai
author image Nikhil Puthran
Thursday 09 October 2014, 16:55 PM

Hubli, located in Northern Karnataka had recently missed on luring Hero MotoCorp set-up to lucrative offer from Andhra Pradesh is now wooing Hyundai Motor India Ltd to set up a production plant there. If successful, the benefits would be mutual as the localities would get employment opportunities, whereas Hyundai Motor, second largest automobile brand in India shall get low cost production benefits. An approximate investment of about Rs 1,000-1,500 crore shall provide about 5,000 job opportunities.

Hyundai Motor India invited by Karnataka government for plant set-up in Hubli

Sources have stated that, Commissioner for industrial development has written a request to Hyundai on September 23, asking the company to set up its second manufacturing plant in Hubli-Dharwad location. The source has added, "The government has assured possible assistance for the project." Certain local MLA's like Aravind Bellad and other prominent figures have put forth the idea to inviting the Korean carmaker to invest there and the state's Chief minister Siddaramaiah, who recently visited the place has assured that the proposal would be considered.

Speaking more on the occasion Hyundai's managing director Bo Shin Seo, said to sources, “He neither accepted nor rejected our proposal but has taken it into consideration. If the government pursues this promptly, it will definitely help North Karnataka people.” Bellad speaking about the proposal said, “It is learnt that Hyundai had thought of Gujarat, but it changed plans as Gujarat already has plants of Tata Motors, Ford and Maruti. Now, it is reported that Hyundai is looking for other places and we hope the Karnataka government will utilize the opportunity. As soon as the Hyundai MD announced the plans of setting up a second plant in India last month, we brought it to the notice of the state government.”

Source: TOI

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