Minister led delegation gets encouraging response from corporate and investment communities
The newly formed state of Telangana in India is going all out to attract investments from the United States. A delegation led by Mr. Jupally Krishna Rao, Minister of Industries, Telangana visited United States for the purpose of scouting partners and investments, and had a series of meetings in Washington, DC that were arranged by the US India Political Action Committee (USINPAC).
The Telangana delegation had a packed schedule – and also a session on trade promotion with a large number of senior corporate and investor representatives, from defense, health care, distribution/logistics, IT and private equity. These interactions were met with very serious interest in IT, health and genome and defense.
Encouraged by the positive business environment and opportunities in Telangana as highlighted by the delegation, some of the key participants at the meetings, especially from the aerospace and life sciences industries, informed that they are now considering a follow-up visit to Hyderabad in coming months to pursue some specific partnerships and MoUs either with the state government or with the private industry.
In addition to Mr. Jupally Krishna Rao, the officials from Telangana comprised of Mr. Pradeep Chandra, Special Chief Secretary (Finance), Mr. Narasimha Reddy, Vice Chairman and Managing Director, Telangana State Industrial Infrastructure Corporation, and Mr. Shakthi M. Nagappan, Chief Executive Officer, BioAsia promoted by the Industries Department.
Mr. Jupally Krishna Rao expressed confidence of the young state and reiterated transparency and investor friendly procedures to expedite investments into the state. He also highlighted his government’s commitment to zero tolerance on corruption and promised that the procedures will go beyond single window system to enable clearances for maximizing productivity and minimizing turnaround time.
Mr Sanjay Puri, Chairman, USINPAC who coordinated the entire proceedings termed the session as productive and fruitful. USINPAC also hosted a dinner in honor of Mr. Jupally Krishna Rao and his delegation which was attended by professionals from life sciences, defense, pharma/ biotech/ healthcare, IT and such specialized industries, and key members of the Indian American community.
Source: Newssuperfast