Saturday , November 26 2016
Home / News / Hyderabad / Good response to KCR mission in China; huge investments likely

Good response to KCR mission in China; huge investments likely

KCR

On knowing that Telangana Chief Minister K Chandrashekhar Rao was leading a delegation to China to participate in the World Economic Forum meeting in Dalian and also scheduled Telangana Investment Promotion visits to other major cities in China, several requests are coming from organizations to include their place also in his schedule.

One such request was from Jiande YE, President of China Council of Promotion of International Trade (CCPIT), Shenzhen Council, Shenzhen, China. In his letter addressed to CM, he stated Shenzhen-based companies are increasingly keen to invest in foreign markets and are looking for opportunities abroad, including in India. The President requested KCR and his delegation accompanying him to visit Shenzhen on September 14 for exchanging ideas on mutually beneficial cooperation in trade and investment.

Meanwhile, Indian Ambassador to China Ashok K. Kantha and his team of officials from Indian Embassy briefed the Chief Minister on the situation in China and prospects and potential of Chinese companies to make investments in India, especially in Telangana.

Leo Wang, Chairman of Leo group of companies, has met the CM and expressed his company’s willingness to invest in Telangana in manufacture of heavy duty pumps. Investment of around Rs 1,000 crores is the possibility as a result of the meeting. CEOs of top 30 companies located in Liaoning State had a long meeting with CM and his delegation and exchanged views. They had discussions on possibility of investments in Telangana State. (NSS)