The NIMZ bedlam

With IT, Industries and Municipal Administration Minister K. T. Rama Rao performing the bhoomi puja for VEM Technologies for its Integrated Defence Systems facility, spread across more than 500 acres, at Zaheerabad on Wednesday. The Telangana government has been wooing South Korean automotive giant Hyundai to set up a plant at the National Investment and Manufacturing Zone in Nyalkal and Jarasangam mandals near Zaheerabad of Sangareddy district, about 120 kilometres from Hyderabad for the last few years. British EV Tech start-up One Moto has also come forward to establish an electric vehicle unit as well as a lithium ion battery manufacturing unit at an estimated investment of ₹400 crore, according to top officials. The government had earlier formed a Special Purpose Vehicle, Zaheerabad NIMZ Limited, made L&T Infra Engineering as consultant for master planning, infrastructure designs and environment and social impact assessment study. Senior officials informed that the TS government had sought financial assistance of ₹5,171 crore from DPIIT, Ministry of Commerce & Industry, to develop external infrastructure and ₹884 crore for developing internal infrastructure under NIMZ but yet to receive any response, as the challenge is to take over the remaining 9,000 acres even as land rates have hit the ceiling.