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T to sign MoU with Hunan Province for sister-state concern

CII Telangana organized a luncheon meeting with a 25-member Trade Mission delegation from Hunan Province, China here today. The objective of the meeting was to explore business opportunities between the Chinese Province and Telangana State.

Speaking at the meeting, He Baoxiang, Vice-Governor of the People’s Government of Hunan Province opined that Hunan Province and Telangana are complimentary to each other and can work together, especially in the areas of Technology, Education and Culture. He also said they are interested in investing in the sectors like IT Software, Animation, e-commerce, software development, pharma industry, development of high tech parks, agriculture and machinery, manufacturing of heavy machinery for construction, non-ferrous metals and so on.

Minister for Industries Jupally Kirshna Rao expressed his interest to work closely with the Government of China to enhance trade and business. He also expressed his interest in signing an MoU between Hunan Province and the State of Telangana to establish a Sister-State relationship and work in the areas of Tourism, Culture, Education and Industry.

Industries & Commerce Secretary Arvind Kumar announced that the Telangana Government will allocate 500 acres to develop separate Chinese Industrial Park with all the facilities. “We are keen to have a large group of Chinese SMEs to come and operate at the Industrial Park”, he added. Sathya Moorthy, Chairman, Sino-India Education & Technology Alliance Hunan Province said Hunan Province and Telangana can have a Smart Partnership and can enhance trade between the two up to $300 billion.

Earlier, Vanitha Datla, Chairperson, CII Telangana & Executive Director & CFO, Elico Limited, pointed out that one of the interesting dynamics of the bilateral relationship in recent years is the increasing emphasis, in both India and China, on expanding interactions between Indian States and Chinese provinces, cities and local governments. She said there was immense scope to strengthen the relations between India and China, especially through trade and business with the Telangana State. “The industry in Telangana has given high appreciation for the industrial policy, which is one of its kind and will certainly become a model policy for the rest of the country. It’s Single Window Policy – TS-iPASS is indeed highly advanced”, she said. (NSS)