Speaker Pocharam Srinivas Reddy said that Auto Nagar at Banswada would be developed in about 14.26 acres with the help of Telangana State Industries Infrastructure Corporation (TSIIC), through which employment would be provided for about 3,000 people.
Addressing a gathering after laying foundation stone for ‘Banswada Auto Nagar’ at Banswada town in Kamareddy district on Wednesday, Mr. Srinivas Reddy said that about ₹ 3 crore was paid to farmers for land acquisition.