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09/05/2019 04:26pm

Aurangabad Industrial Township holds a roadshow to attract investors from Telangana & AP

image Aurangabad Industrial Township holds a roadshow to attract investors from Telangana & AP

Hyderabad, May 9 (KNN) Aurangabad Industrial Township Limited (AITL) held a roadshow in Hyderabad to attract investors from Telangana and Andhra Pradesh for setting up of industries at the Aurangabad Industrial City (AURIC), a Greenfield Industrial Smart City.

Highlighting the features of the Smart City to a business gathering here, Joint Managing Director of AURIC, Gajanan Patil, said “AURIC is expected to attract investment of Rs 60,000-70,000 crore from global players and help generate employment for lakhs of people.”

He said that it had allotted 52 plots comprising 507,164 sq mt and infrastructure packages of Rs 7,947 crore has been approved by Centre.

The smart industry city is expected to create over 150,000 jobs and also offer housing facilities for over 300,000 people including industrial workforce and their families, he added.

Investors setting up facilities in the city include Hyosung Corporation of South Korea, the largest global spandex producer. Several global companies from the US, Europe, Russia, China, Japan and South Korea have also been considering investments in AURIC.

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