Telangana Minister for Information Technology K.T. Rama Rao visited Smart City and interacted with the investors in Dubai on Sunday inviting investments in Telangana State.
The Minister accompanied by a delegation comprising Special Chief Secretary (Industries) K. Pradeep Chandra, Managing Director of Telangana State Industrial Infrastructure Corporation (TSIIC) Jayesh Ranjan, who is also Commissioner of Industries, and representatives of Federation of Indian Chambers of Commerce and Industry (FICCI) interacted with Chief Executive Officer of Smart City Abdul Latif Al-Mulla and Managing Director Baju George.
The prospects of the Telangana government developing a smart city in Hyderabad in association with Smart City Dubai as part of the Information Technology and Investment Region (ITIR) project were discussed at the meeting. Evincing interest in the offer, Mr. Mulla decided to visit Hyderabad during the next week for follow-up discussion.
Smart City Dubai is an integrated development featuring offices for IT companies along with residential and commercial space having facilities that enable people work and lead a high quality life using various technology solutions. Smart City Dubai has been successfully replicated in Malta in Europe.
In India, the Government of Kerala has entered into a partnership with Smart City Dubai for developing a similar model spread over 250 acres in Kochi. Smart City Dubai is investing Rs. 4,000 crore over the next eight years in Kochi.
Later, an investors’ meet was conducted at Hotel Crowne Plaza in Dubai by FICCI, which was attended by over 100 investors, the Minister and the officers’ team. The Telangana officials explained the salient features of the new industrial policy unveiled recently, highlighting the advantages of availability of abundant land, fast track clearances, additional incentives and others.
Several investors enquired about the prospects of investing in Telangana, particularly in textiles, food processing, mineral-based industries, biotechnology, engineering and infrastructure development in industrial parks and townships.
The investors meet was organised in association with the India Business and Professional Council (IBPC), Dubai, and Consulate of India in Dubai.
President of IBPC Paras Shahdadpuri and Consul (Commerce) in the Indian Consulate Anitha Nandhini were among others present.