Chinese Business Houses Keen on Investing in Telangana

It was a hectic day for chief minister K Chandrashekar Rao, who is on a mission to get investments from China as he called on the heads of various Chinese business houses and held discussion on the possibilities of their investments in Telangana state.

Rao had a series of bilateral meetings at the Raffles Beijing Hotel in Beijing with leading Chinese industrial companies and prospective investors. They include Chongqing International Construction Corporation, Inspur Group of Companies, China Fortune Land Development Company, China Railway Corporation and SANY Group.

The chief minister briefed the representatives of these companies in detail about the facilities available in Telangana for them to invest in their respective fields of operation. In return, the representatives of these companies evinced keen interest and expressed their willingness to visit Telangana for further discussions.

The Chongqing International Construction Corporation (CICO) has been represented by Du Xian Zhang, vice-president and general manager. CICO was an infrastructure company in construction, project consulting, architectural design, mechanical and electrical installation, materials production and EPC projects.

Later, Rao had a meeting with representatives of Inspur Group led by its vice-president Zhang Dong who was also president and CEO of Inspur India.

Inspur group intends to invest in India in the field of electronics and hardware. Inspur showed interest to start its operations in Telangana. The chief minister had another bilateral meeting with representatives of China Fortune Land Development Company (CFLDC). CFLDC was lead by its vice-president Liang Wentao. CFLDC was interested to develop new industrial city in India. Rao and Wentao shared experiences with each other and explored the possibilities of CFLDC investing in the state. The meeting concentrated basically on CFLDC participation in developing industrial cities in Telangana.

The chief minister’s another meeting was with representatives of China Railway Corporation (CRC). Rao, later, visited Forbidden City in Beijing. The Forbidden City was the Chinese imperial palace from the Ming dynasty and it was declared a World Heritage Site in 1987.

Source: The New Indian Express

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