Hyderabad: The industrial sector in Telangana State got a big boost on Wednesday with representatives of two manufacturing giants arriving in the city with proposals to make huge investments in the new state besides scouting for required land.

While the first one being Hero MotoCorp, the second was Australia-based NNL Consolidate Ltd, the iron ore and pellet manufacturing firm, which proposed to set up it’s plants at Karimnagar and Siddipet with an investment of nearly Rs 1,000 crore. The NNL representative met Telangana Chief Minister K.Chandrasekhar Rao and discussed the issue.

A three-member team from Hero MotoCorp, came to the city and scouted for land on the city outskirts along the Outer Ring Road to set up it’s manufacturing facility, it’s first in South India. The team examined nine locations for the purpose and enquired about the availability of power and water facilities for the proposed plant. Officials from industries department accompanied them.

The team informed officials that they will submit a report to the company management, which will take a final decision on setting up plant. Official sources said the team was of the view that city outskirts was the ideal location to set up their plant and they expect the company to sign an MoU with the state government “very soon”.

Telangana official sources said the company has already zeroed in setting up plant at Zaheerabad in Medak district, which is known to be the ‘auto hub’. Telangana industries secretary Pradeep Chandra said that the Hero MotoCorp is planning to invest Rs 1,500 crore to set up it’s plant, which will have the capacity to manufacture 15 lakh two-wheelers per year.