The GMR Group will set up an expo-cum-convention centre near the Rajiv Gandhi International Airport here.
It will invest ₹750 crore to build the facility on a 50-acre plot in the Airport City that the company will develop near the airport.
A GMR delegation made a presentation to Telangana Chief Minister K Chandrasekhara Rao (KCR) at the Secretariat on Friday and sought his help in taking up the project.
The delegation included Group Chairman GM Rao and Chairman of Airports Business Srinivas Bommidala.
The representatives told the CM that the Airport City project would provide jobs to 15,000-20,000 people.
Hospital, theme parkKCR has asked the firm to build a new airport in the north of the city as well as a hospital at Shamshabad and a theme park.
Earlier too, the CM has expressed the view that Hyderabad would require one or two more airports as it evolves into a major city.
KCR assured the GMR team that the Government would ensure zero corruption in administration and offer single window clearance system too. Taxes too would be reduced when compared to neighbouring States, a Government release said.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.