Hyderabad: Telangana Industries and IT Minister K T Rama Rao (KTR) on Tuesday assured the Singapore delegation that if Singapore companies show interest in investing in Telangana, the State Government would set up an exclusive “zone or Singapore hub.” A delegation headed by the High Commissioner of the Republic of Singapore to India, Simon Wong, called on the Telangana Minister here. During the meeting, KTR, who hold talks with the Singapore High Commissioner, on investment opportunities in Telangana, stated that Telangana Government’s friendly industrial policies have helped attract major global companies to the State. He said that many Singapore based firms have already established their units here & are positive about the State’s ecosystem. Appreciating Minister KTR’s idea of setting up an exclusive Singapore hub, Mr Simon Wong, said that when he was working in Vietnam, a similar initiative was taken up to draw investments and has been successfully operational since then. “We will definitely consider this proposal positively, ”the High Commissioner said. He stated that the Singapore based companies which have invested in Telangana, have given positive feedback about the State’s ecosystem. He also informed that the Singapore companies are keen on investing in IT, innovation and allied sectors and blockchain sectors. Through T-Hub, the conducive atmosphere in IT Ecosystem and innovations in the city were derived, he added. “Apart from advanced sectors, Singapore companies are keen in investing in Agriculture and food processing sectors,” said Simon Wong. During the meeting, Telangana Industries Minister said, “Telangana Government has been successful in drawing investments from different countries with its investment-friendly policies, TS-iPASS and single window approval system.” “Considering the severe competition for drawing international investments, Telangana was not only competing with other States in the country but striving hard to impress international companies,” said KTR. The Minister stated that Telangana offers plenty of opportunities in life sciences, pharma, IT, textiles, food processing, agriculture and other sectors. Principal Secretary Jayesh Ranjan was also present at the meeting.
