Hyderabad (X)
Vietnamese electric vehicle (EV) manufacturer VinFast is taking significant strides in expanding its footprint in India. The company has announced plans to establish a 1,000-acre mega-smart city project in and around Hyderabad. This move underscores VinFast's commitment to innovation and sustainable development in the Indian market.
The announcement followed a meeting between a team from VinFast India, led by CEO Pham Sanh Chau, and the Telangana Minister of IT, Electronics, Communications, Industries & Commerce, D. Sridhar Babu. The discussions focused on the proposed smart city project, which aims to integrate advanced technology and sustainable practices to create a modern urban environment.
The proposed smart city project in Hyderabad is envisioned as a hub for technological innovation and sustainable living. It will feature state-of-the-art infrastructure, including smart grids, intelligent transportation systems, and green energy solutions. The project is expected to create numerous job opportunities and boost the local economy.
VinFast's smart city will not only focus on housing and commercial spaces but also on creating a holistic environment that fosters community engagement, environmental sustainability, and economic growth. The project is part of VinFast's broader vision to lead the way in smart city development globally.
Investment in Tamil Nadu.
This ambitious project comes on the heels of VinFast's recent investment of Rs 4,000 crore in setting up an EV manufacturing facility in Tamil Nadu. The facility is part of the company's strategy to strengthen its production capabilities and cater to the growing demand for electric vehicles in India. The Tamil Nadu plant will serve as a critical component in VinFast's supply chain, ensuring the efficient production and distribution of its EVs. This investment highlights the company's long-term commitment to the Indian market and its vision to become a key player in the global EV industry.
The establishment of the EV manufacturing facility in Tamil Nadu and the proposed smart city in Hyderabad are expected to accelerate the adoption of EVs in India. VinFast's advanced technology and innovative solutions will provide Indian consumers with high-quality, sustainable transportation options.
The company's engagement with Telangana's government officials is a positive step towards building strong relationships that will support the project's development.
VinFast's commitment to working closely with local stakeholders is a testament to its dedication to creating value for the communities it serves. With a strong emphasis on sustainability, innovation, and community development, VinFast is poised to make a significant impact on India's urban landscape and the EV market. The company's initiatives reflect its vision for a greener, smarter future, both in India and globally.
