Vingroup plans 1,000-acre smart city project in Telangana
SMART CITIES

Vingroup plans 1,000-acre smart city project in Telangana

Vietnamese conglomerate Vingroup, having established a 40 billion integrated electric vehicle (EV) manufacturing facility in Tamil Nadu through its group company VinFast, is now considering Telangana, particularly Hyderabad, for further expansion. The company is exploring the possibility of a 1,000-acre mega smart city project in and around Hyderabad and has started scouting for suitable locations.

The VinFast India leadership team, headed by CEO Pham Sanh Chau, met with Industries Minister D Sridhar Babu late last week to discuss potential investment areas, according to sources from the Telangana industries ministry. A source mentioned that VinFast is not only interested in the smart city project but is also considering establishing EV components manufacturing in the state.

The discussions focused on large-scale public key infrastructure projects, sustainable smart urban mobility solutions, services for future cities, and social housing initiatives. It was noted that the minister emphasised the urgent need to develop robust urban infrastructure, including new satellite cities equipped with clean water, reliable power, transportation systems, 5G-enabled smart mobility, healthcare, business infrastructure, and wellness and hospitality facilities supported by social housing.

Those familiar with the meeting also mentioned that the minister informed VinFast officials that Hyderabad is expected to house half of Telangana's population within the next 15 years due to rapid urban migration, which will significantly strain the city's existing infrastructure. This challenge is one the state government is seeking partners to address.

Vingroup is already undertaking a $ 1.3 billion smart city project on the outskirts of Hanoi, and the group's officials also informed the minister about their plans to develop similar smart cities in other parts of the world.

Vietnamese conglomerate Vingroup, having established a 40 billion integrated electric vehicle (EV) manufacturing facility in Tamil Nadu through its group company VinFast, is now considering Telangana, particularly Hyderabad, for further expansion. The company is exploring the possibility of a 1,000-acre mega smart city project in and around Hyderabad and has started scouting for suitable locations. The VinFast India leadership team, headed by CEO Pham Sanh Chau, met with Industries Minister D Sridhar Babu late last week to discuss potential investment areas, according to sources from the Telangana industries ministry. A source mentioned that VinFast is not only interested in the smart city project but is also considering establishing EV components manufacturing in the state. The discussions focused on large-scale public key infrastructure projects, sustainable smart urban mobility solutions, services for future cities, and social housing initiatives. It was noted that the minister emphasised the urgent need to develop robust urban infrastructure, including new satellite cities equipped with clean water, reliable power, transportation systems, 5G-enabled smart mobility, healthcare, business infrastructure, and wellness and hospitality facilities supported by social housing. Those familiar with the meeting also mentioned that the minister informed VinFast officials that Hyderabad is expected to house half of Telangana's population within the next 15 years due to rapid urban migration, which will significantly strain the city's existing infrastructure. This challenge is one the state government is seeking partners to address. Vingroup is already undertaking a $ 1.3 billion smart city project on the outskirts of Hanoi, and the group's officials also informed the minister about their plans to develop similar smart cities in other parts of the world.

Next Story
Infrastructure Energy

KEC Secures Rs 10, 380 Mn Substation Order in Saudi Arabia

KEC International Ltd., a global infrastructure EPC major, and an RPG Group company, has secured a new order worth Rs 10,380 million for the Design, Supply and Installation of a 380 kV GIS Substation in Saudi Arabia.Vimal Kejriwal, MD & CEO, KEC International Ltd., commented, “We are delighted with the successive order wins in our T&D business. In a landmark achievement, we have secured our largest ever substation order. This prestigious order in the Middle East has widened our portfolio and strengthened our presence in the region. With this strategic win, our year-to-date or..

Next Story
Infrastructure Urban

Central Bank of India executes first fully digital SCF deal on PSB Xchange

In a major advancement for India’s banking sector, Central Bank of India (CBI) has successfully completed the country’s first fully digital supply chain finance (SCF) transaction on PSB Xchange—a unified multi-lender platform launched by PSB Alliance. PSB Xchange is designed to connect public and private sector banks, NBFCs, and fintechs with corporates and their channel partners to facilitate supply chain finance and small business loans. The transaction marks the first time a fintech-originated corporate lead has been seamlessly processed through the PSB Xchange ecosystem. The lead fl..

Next Story
Infrastructure Energy

Atlanta Electricals secures Rs 1,835 Mn transformer order from BNC Power

Atlanta Electricals Limited (“Atlanta”) has secured an order worth Rs 1,835 million from BNC Power Projects Ltd for the supply of extra high voltage (EHV) transformers and a bus reactor for its Pugal site. The contract includes a mix of 315 MVA, 400 KV and 100 MVA, 132 KV transformers along with a 400 KV bus reactor. The project scope encompasses design, manufacturing, testing, and supply to the project site. Deliveries will be sequenced following engineering and drawing approvals, offering multi-quarter execution visibility and ensuring a steady production run-rate. The order will be ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?