Busy day in London for KTR, team 

Speciality chemicals maker Croda to set up global technical centre; Lloyds Banking Group, Greenjets, Haleon leadership meet Minister

May 13, 2023 10:22 pm | Updated 11:48 pm IST - HYDERABAD

Minister for Industries K. T. Rama Rao with Daniele Piergentili, President,  Life Sciences, Croda International, in London.

Minister for Industries K. T. Rama Rao with Daniele Piergentili, President, Life Sciences, Croda International, in London. | Photo Credit: ARRANGEMENT

A conference, meeting prospective investors to attract investments and discussions with public representatives for promoting bilateral trade in London figured prominently in the engagement of Industries and IT Minister K. T. Rama Rao and members of the official delegation he has led to the U.K.

The Minister met President-Life Sciences of Croda International Daniele Piergentili following which it was announced that the specialty chemicals company will be setting up a global technical centre in Genome Valley, Hyderabad. The GTC is a significant step towards establishing Croda’s presence in Telangana, which has emerged a critical hub supporting India’s position as the ‘Pharmacy of the World’.

Croda is behind sustainable, high-performance ingredients and technologies in some of the world’s most successful brands related to personal care, home care, pharma, crop care, industrial specialties, including coatings and textiles, Mr.Rao’s office said in a release on Saturday.

Mr.Rao, who addressed the ‘Ideas for India conference -2023’, also met members of the leadership team of Lloyds Banking Group, Greenjets, Haleon separately.

During the meeting with the Banking Group team, which included Group COO Ruth Anderson, Future Ways of Working Director David Blott and Group COO and HR Director Sarah Underhill, the Minister pitched Telangana as an ideal gateway for U.K.-based companies to invest in India. He highlighted the State’s world-class infrastructure, supportive policies, and skilled workforce. He urged the group to explore investment opportunities in the financial sector.

Mr. Rao’s meeting with Haleon’s Vice President and Global Head of Policy and Government Engagement Damion Potter was aimed at exploring potential areas of collaboration between the company, which is major player in the healthcare industry and Telangana in the consumer health sector.

UK-based aerospace company Greenjets’ delegation to the meeting with the Minister was led by its founder and CEO Anmol Manohar and it apprised the latter of the establishment of the company’s Indian operations in Telangana. Mr.Rao assured the State government’s support for the company’s plans. Greenjets, which develops electric jet engines, has chosen Telangana to enter the Indian drone market and also entered into an MoU with the National Centre of Additive Manufacturing to be incubated in 2023. It plans to grow its R&D and manufacturing footprint in 2024 and collaborate with a Hyderabad-based motor manufacturer under the ‘India-UK Collaborative R&D for industrial sustainability’ funding programme.

Mr. Rao also met Virendra Sharma, Member of Parliament of the United Kingdom and Rajesh Agrawal, Deputy Mayor of London for Business, in London. They discussed various opportunities to promote bilateral trade relations and investments. In a letter to Chief Minister K. Chandrasekhar Rao, Mr. Sharma had said the installation of B .R. Ambedkar statue in Hyderabad was a great achievement.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.