Triton EV team visits NIMZ Zaheerabad site for upcoming Rs 2,100-crore unit

Hyderabad: The leadership team of Triton EV, which is going to set up its Rs 2,100-crore electric vehicle (EV) manufacturing facility at NIMZ Zaheerabad, has visited the site and further land related procedures will ensue shortly.

The Government of Telangana and Triton EV entered into a memorandum of understanding (MoU) on June 24th, 2021. According to the MoU, Triton agreed to set up a world-class EV manufacturing facility with an investment of Rs 2,100 crore. The industrial park layout of NIMZ Zaheerabad was discussed in detail virtually and few plots were identified for the facility.

The Triton team comprising CEO and chairman Himanshu Patel, India Development head Mohammad Mansoor and Triton associate Akbar Rasheed met Telangana Industries minister KTR to take the discussions forward. Principal secretary Jayesh Ranjan and director-Automotive Gopalakrishnan VC were present in the meeting.

On minister KTR’s insistence, the Triton team was taken to the site at NIMZ Zaheerabad in a chopper and the plots were physically inspected. TSIIC VC and MD Narasimha Reddy also accompanied the Triton team during the site visit.

Triton is looking to construct their facility and get products out at the earliest to reduce the carbon footprint in transportation space.

KTR seeks Rs 4,070 cr for TS industrial projects in Union Budget 2021-22

IT and Industries Minister KT Rama Rao on Wednesday requested the Union government to allocate at least Rs 4,070 crore as special funds for major projects like Hyderabad Pharma City, National Industrial Manufacturing Zone (NIMZ)-Zaheerabad, National Design Centre (NDC) and for establishment of an Industrial Corridor in the State.

The Minister wrote to Union Commerce and Industry Minister Piyush Goyal in this regard, seeking budgetory allocations for these projects in the Union Budget 2021-22.

Thanking the Ministry for including Hyderabad–Warangal and Hyderabad–Nagpur Industrial Corridors in the National Industrial Corridor Development and Implementation Trust (NICDIT), Rama Rao said the estimated project cost for taking up infrastructure development in these two nodes was about Rs 3,000 and Rs 2,000 crores respectively. Pointing out that the State government was keen on developing these two projects on the fast track mode, he sought allocation of funds to the extent of at least 50 per cent of the project cost in the budget estimates for 2021-22.

The Minister said that the State government was developing Hyderabad Pharma City (HPC) as the world’s largest integrated pharma park to promote domestic manufacture of pharmaceuticals in line with the ‘Make in India’ and ‘Atma Nirbhar Bharat’ initiatives of the Union government and to consolidate the leadership position of India in the pharmaceutical sector.

“The project is envisaged to become a first-of-its-kind featuring state-of-the-art infrastructure comprising common facilities including Zero Liquid Discharge (ZLD) based Common Effluent Treatment Plant (CETP), integrated solid waste management facility, district heating and cooling systems, logistic parks, Global Pharma University, regulatory facilitation cells, common drug development and testing laboratories, and Startup/SME Hub, among others,” he said.

KTR makes strong pitch for Southern Industrial Corridor

Hyderabad: IT and Industries Minister KT Rama Rao urged the Centre to sanction a Southern Industrial Corridor (SIC) connecting Hyderabad, Bengaluru and Chennai on the lines of the Delhi-Mumbai Industrial Corridor. He also pitched for two more industrial corridors for Telangana between Hyderabad and Nagpur as well as Hyderabad and Warangal.

Rama Rao called on Union Minister for Industry and Commerce Piyush Goyal in New Delhi on Thursday night and submitted the proposals on various projects seeking allocation of funds in the 2020-21 Budget. Goyal responded positively and directed officials concerned to prepare a detailed report for consideration based on proposals submitted by the Telangana government.
Rama Rao informed him that the Telangana government already wrote to various South Indian State governments seeking support for the SIC. “This industrial corridor can boost economic activity in backward areas of Karnataka, Telangana, Andhra Pradesh and Tamil Nadu, providing the much-needed push for the nation’s economy,” he said.

Pointing out that several industries were already operating in the SIC area, Rama Rao said there was huge potential for investments in this area from aerospace, defence, electronics manufacturing, automobile and other industries. He said Telangana had adequate land bank required for the industrial development in the corridor.

Rama Rao said the State government was giving utmost priority to industrial development over the past six years and working towards the establishment of industrial corridors for rapid industrial growth and employment generation. He also sought support for setting up a dry port and multi-model logistic parks in the State.

Meanwhile, the IT Minister invited Goyal to participate in the Bio Asia 2020 conference to be held in Hyderabad on February 17. The Union Minister enquired about the status of Hyderabad Pharma City, which will be the world’s largest integrated pharmaceutical cluster, and National Investment and Manufacturing Zone (NIMZ) coming up at Zaheerabad.t