KTR seeks investments in Telangana from Singapore firms

KTR seeks investments in Telangana from Singapore firms

Industries Minister K Tarakarama Rao is touring Singapore to attract the investments to the Telangana State.

On Wednesday, the minister discussed with the representatives of A star agency (Agency for Science, Technology and Research) company, which is one of the leading company in the field of science and technology in Singapore. The company works as a bridge between the academia and industry in the field of innovation. The company representatives expressed their willingness to work with the RICH (Research and innovation circle of Hyderabad) of the Telangana government. Both RICH and A STAR have agreed to a bilateral agreement through which both will cooperate in the field of innovation, incubation, research and commerce.  Student exchange programme will be organized as part of this agreement. The minister explained about the research and small and medium industries in the state.

KTR had a meeting with the Indian High Commissioner Vijay Thakur Singh today. Both of them discussed the first foreign visit of the Chief Minister in 2014 to the country.  She appreciated the priority given by the Telangana government to Singapore. The minister stated that the inputs shared from Singapore were incorporated in the industrial policy of the state.

The Minister met the CEO of Surbana Jurong Teo Eng Cheong on Wednesday.  The company looks after the housing programme in the country and provides infrastructure and public services to the people. The Minister briefed Mr Cheong about the massive housing programme being taken up in the state.  He requested him to take up a multi-storied building project in Hyderabad in view of the vast experience of the company in infrastructure sector. He assured to provide land for the project. He sought partnership of the company in the pharma city project. He briefed about the facilities in the Pharma City project being taken up in the State.

KTR asked them to do a study on the roads, electricity, drinking water and other infrastructure facilities in Hyderabad for which Mt Cheong responded positively and assured that a team would be sent to Hyderabad shortly.  The minister later visited the Taus industrial park and went round the Biopolis Park and Clean Tech Park and enquired about the facilities in those parks.

At a business session organized by the CII and Indian High Commission held at the High Commissioner office, the minister met heads of 18 companies and through a power point presentation explained to them about the industrial and IT policy of the state.  He told them that so far 2200 companies have been given permission after the formation of the state and reiterated that the state is the best investment destination in the country.

Principal Secretary Industries Arvind Kumar is also touring with minister. (INN)