Hyundai to open R&D center in India

By agencies   |   Monday, 03 April 2006, 19:30 IST
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HYDERABAD: Hyundai Motor Group would set up its world-class research and development (R&D) center at Hyderabad soon. The Korean major is also contemplating a manufacturing facility near Tada in Nellore district of Andhra Pradesh. The State Government has agreed to provide 42 acres of land in Hyderabad as sought by the automobile major. A delegation from the company led by its President, R&D, Lee Hyun Soon, along with Vice-President (R&D), Yang Woong Chul, the Hyundai Motor India Executive Director, Park Han Woo, and Senior General Manager, Woo Moon Man, met the Chief Minister, Dr Y S Rajasekhara Reddy, to discussed their intention to set up a R&D center at Hyderabad. According to a statement from the Chief Minister's Office, Dr Reddy highlighted various incentives and facilities the State Government is offering for new industries and projected the State as the destination for manufacturing sector. A detailed power point presentation titled ‘Destination Andhra Pradesh’ was made to the visiting members on the occasion.