Hyderabad: Noted Car Manufacturing Company of US Fiat today announced to invest in Telangana and start new products using latest technologies from Hyderabad.
Asia Pacific CEO Mamatha Chamraty said that they will invest about Rs 1103 cr or 150 US Dollars for the new plant to be coming to the state of Telangana. Fiat Global Hub will be coming up in the state of Telangana and increase its production of new variants she said. The company made this announcement in a video conference and hoped to flourish in its exports of noted four-wheelers.
The new company will provide about 1000 jobs to eligible youth and talent. She said that the government policies are favorable for them to rope in with investments and flourish. Our new variants will be produced from this state and will push our exports, she said. Fiat is a North America-based company and has huge potential in the car manufacturing sector.
