Nation Current Affairs 14 Jun 2022 KTR inaugurates US-b ...

KTR inaugurates US-based automobile unit in Hyderabad

DECCAN CHRONICLE. | DC CORRESPONDENT
Published Jun 14, 2022, 1:02 am IST
Updated Jun 14, 2022, 2:32 pm IST
Hyderabad has potential to emerge as automobile technology hub, says minister
A file photo ot KTR (Twitter)
 A file photo ot KTR (Twitter)

Hyderabad: Industries minister K.T. Rama Rao on Monday said Hyderabad had all the potential to emerge as an automobile technology hub.

Speaking after inaugurating the Global Capability Centre (GCC) of the US-based automotive aftermarket parts provider Advance Auto Parts in the city, Rama Rao said, "This is the first automobile company that has set up its technology presence in Hyderabad and is the second largest office outside of its headquarters in the US. With this, the company has joined the list of marquee companies in Hyderabad like Amazon, Google, Facebook, Microsoft etc.”

Referring to India recently setting the net zero emission target to 2070, Rama Rao said Telangana was racing ahead to achieve this target much before. He said the state was working with sustainable mobility companies in order to achieve the target.

"We are also going to host the Formula-E next year in Hyderabad in February and also plan to host the Electric Vehicle Summit around the same time. It is the right opportunity for a company like Advance Auto Parts to make their presence here in Hyderabad,” he said.

He urged companies like Advance Auto Parts to make Hyderabad the one-stop-shop for all their business needs.

Advance Auto Parts CEO and president Tom Greco termed Hyderabad as a mobility cluster and said they chose the city for setting up the global centre after considering other locations such as Taipei, US and Bengaluru.

"The vibrant talent pool and growing infrastructure are the major factors which made us set up our GCC in Hyderabad. Last year, we had the highest growth in the history of the company and this has come majorly from the contributions of Hyderabad centre. Going ahead, we are planning to invest more in machine learning and Artificial Intelligence capabilities,” Greco said.

...
Location: India, Telangana, Hyderabad




ADVERTISEMENT

More From Current Affairs

-->