Telangana to develop 500-acre industrial park for Chinese firms

The Telangana government has announced its decision to allocate 500 acres of land to develop a separate Chinese industrial park in the State.

Arvind Kumar, Secretary, State Department of Industries & Commerce, while addressing the CII meeting on Saturday, said, “We are keen to have a large number of Chinese SMEs at the industrial park.”

Team from Hunan

CII Telangana organised a luncheon meeting with the Trade Mission from Hunan Province. The 25-member delegation had representatives from government and industry. The meeting was to explore business opportunities between the Hunan Province and Telangana.

He Baoxiang, Vice-Governor of the People’s Government of Hunan Province said Hunan province and Telangana work together in the areas of technology, education and culture. He pointed out that Hunan province was interested in investments in IT software, animation, e-commerce, software development, pharma industry, development of high-tech parks besides others.

Sister-State proposal

Jupally Kirshna Rao, Telangana Minister for Industries, expressed interest in signing an MoU with Hunan Province to establish a Sister-State relationship.

Vanitha Datla, Chairperson, CII Telangana, and Executive Director & CFO, Elico Ltd, said there was increasing emphasis, in both India and China, on expanding interactions between Indian States and Chinese provinces, cities and local governments.

“The industry in Telangana has given high appreciation for the industrial policy, which is one of its kind and will certainly become a model policy for the rest of the country. Its Single Window Policy – TS-iPASS is indeed highly advanced”, she said.

Source: The Hindu

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