Telangana invites investment in various sectors

Telangana invites investment in various sectors

Hyderabad, Oct 7 (IANS) Telangana Industries Minister K. T. Rama Rao on Friday met leading industrialists in New Delhi and invited them to invest in the state.

The minister called on 15 top industrialists on the sidelines of the World Economic Forum.

During the meeting with Baba Kalyani of Bharat Forge, Rama Rao requested him to explore the possibility of investing in aerospace and defence sectors in Telangana, briefing him about the government’s desire to set up an aero technology university in the state.

Kalyani agreed to cooperate with the state government in this regard. He also agreed to visit Hyderabad to meet Chief MinisterA K. Chandrasekhar Rao, according to a statement from the minister’s office.

Rama Rao also met JK Tyres’ Chairman and Managing Director Raghupathi Singhania and explained to him about the opportunities in setting up paper mills in the state.

The minister briefed about the government’s desire to revive the Sirpur Paper Mills and requested him to invest in the plant. Singhania expressed his desire to meet the chief minister.

Rama Rao also discussed HP’s expansion plans in Hyderabad and smart city solutions with the HP India Managing Director Neelam Dhawan. She agreed to develop one town in Telangana as a smart city on a pilot basis and said they would soon come out with a detailed proposal in this regard.

The minister spoke about the establishment of a dry port in the state and opportunities in the logistics sector with DHL Managing Director Vikas Anand. He also met MD of Ashok Leyland, Vinod Dasari and requested him to set up a unit in the state. Dasari assured to send a team to the state.

Rama Rao also requested the delegation from British Telecom and ZTE to set up telecom equipment plant in the state.

He also called on Accenture group chairperson Rekha Malhotra Menon and requested to expand their unit in the state. Later, he met Siemens India MD Sunil Mathur.

During his meeting with Philip Rosler of the World Economic Forum, the minister briefed him about the policies of the state government. Rosler agreed to visit the state and assured to make Telangana as a partner state in the World Economic Forum summit at Davos.

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