Hero scouting for locations in Telengana state
The government of Telangana is wooing Hero MotoCorp to set up their two-wheeler manufacturing plant in the state. If it succeeds, it would be a major automotive plant in Telangana after the tractor unit at Zaheerabad in Medak district by the Mahindra Group, which was set up in united state of Andhra Pradesh.
Accordingly, a three-member team from Hero visited several locations on Wednesday. In all, they have eight locations on their list.
The team was shown the land, the probable price and extent available in various segments. The team held field visits to some plots on Wednesday and will also continue their efforts on Thursday.
The locations include one towards the Outer Ring Road, one on the Mumbai highway and one on the Bangalore Highway.
“We have showcased various land parcels, their proximity to Hyderabad and other regions and the prevailing price,” said the official adding that the government will wait for a communication from Hero.
He said the specifics of the project, investment and employment generation were not being discussed at this stage and talks would depend on Hero zeroing in on a location to set up their unit in Telangana. Efforts are in the direction to foster an industry-friendly climate, he added.
In a related development, representatives from an Australian company have visited the state. They are open to set up an iron ore pellets unit in Karimnagar. If okayed, it could be a significant investment in the first phase.
“We are in talks with various industries asking them to set up their operations in Telangana. These talks are at a very nascent stage and we are showcasing what we have to offer to them. It will be sometime before the plans take a shape,” said the official.
At a recent meeting, IT minister K Tarakarama Rao allayed fears of companies having to move out of Hyderabad to locations in Andhra Pradesh for tax benefits. He cited Section 94 (1) of The Andhra Pradesh reorganisation act, according to which the central government shall take appropriate fiscal measures, including offer of tax incentives, to the successor states, to promote industrialisation and economic growth in both the states.