Summary:
Hyosung global chairman Cho Hyun-joon was present for the signing of the agreement.Soon after confirmation the project, Hyosung Corporation undertook review of land at Shendra. Aurangabad: South Korean firm Hyosung Corporation signed an agreement with the Maharashtra government on Wednesday to set up its unit at Shendra DMIC in Aurangabad.The textile giant has been allotted 100 acre land where it will be investing Rs 34,000 crore. The signing took place at Magnetic Maharashtra, the ongoing global investment summit in Mumbai, in the presence of chief minister Devendra Fadnavis. The South Korean manufacturer has been provided the land allotment certificate. Joint general manager of Auric (Aurangabad Industrial City) confirmed that a delegation of the group visited the city on Monday.“All key formalities have been completed for the anchor project by Hyosung to take off in Shendra..