Chief minister K Chandrashekar Rao, who is touring China, had an interaction with the representatives of China Council for Promotion of International Trade (CCPIT), Monday.
Rao also visited Shenzhen High-Tech Industrial Park (SHIP) during his stay in Shenzhen, famed as ‘factory of the world’, where he interacted with entrepreneurs in the park and explained about the investment opportunities in Telangana State.
The chief minister, along with his team of Ministers and officials, also had an interactive session with the representatives of CCPIT. Both the groups exchanged their ideas on international trade. Rao explained the salient features of Telangana State Industrial Policy and the opportunities for investment in the state.
The (CCPIT) is a trade body of the Chinese government founded in 1952. It concentrates in developing business cooperation with foreign countries and produces economic data. The trade body is also involved in diplomacy and settlement of trade arbitration issues.
Rao and his team had an exposure visit to Shenzhen High-Tech Industrial Park (SHIP) in Shenzhen. In the SHIP, the chief minister first visited the premises of ZTE Corporation (Mobile Device Future Concepts), which is a prominent electronic hardware manufacturing company in the park.
ZTE Corporation is a Chinese multinational telecommunications equipment and systems company headquartered in Shenzhen. It operates in three business units – carrier networks, terminals and telecommunication. ZTE’s core products are wireless, exchange, access, optical transmission, and data telecommunications gear, mobile phones and telecommunications software.
ZTE is one among the top five Smartphone manufacturers in its home market and has found a place among the top ten, worldwide.
Rao held discussions with representatives of ZTE on the possibility of establishing similar units in Telangana state.
SHIP, founded in September 1996, has been listed among China’s five state-level high-tech parks. It provides integrated services to enterprises, researchers and investors.
Ship authorities briefed the delegation about the activities of the park, which is home to many global high-tech giants and internationally reputed enterprises including IBM, Philips, Compaq, Olympus, Epson, Lucent, Harris and Thomson, as well as the leading domestic players including Huawei, ZTE, Lenovo, TCL, Skyworth, Great wall and Powerise.
Rao interacted with leaders of various enterprises and enquired about their functioning. Rao also explained them about the investment opportunities in Telangana. After staying for a day in Shenzhen, the delegation left for Hong Kong.
In Hong Kong, Rao will have industry interactions besides visiting a couple of places of interest.
Shenzhen High-tech Industrial Park, founded in Sept 1996, provides integrated services to enterprises, reserchers and investors
Source: The New Indian Express