CS asks Japanese Team to invest in TS

Hyderabad: Stating that the Telangana State government has introduced the first-of-its-kind and hassle-free Industrial Policy, Chief Secretary Dr Rajiv Sharma today requested a Japanese team of officials to invest in the State in various sectors and help encourage tourism sector.

A 13-member team, led by Kenichi Watanble, Vice Chairman of Japan based International Friendship Exchange Council (FEC), on Friday called on Rajiv Sharma at the Secretariat here and discussed on their mission of supporting Japanese business at international level. The main activities of the company are to encourage the Japanese business and companies abroad and bridge gap between nations to boost trade at noted places of potential and growth.

The Chief Secretary explained that the Telangana State was inviting investments in 14 sectors, including Life Sciences, Food Processing, IT and Hardware and others. The government was committed to transform Hyderabad as a global destination by a facelift of improving infrastructure, connectivity and facilities. To make it so, the government was going ahead with its plans of implementing projects like Metro Rail, Strategic Road Development Plan, setting up of transit-oriented growth corridors at 13 places abutting Outer Ring Road and allotment of lands to industries and business ventures of international importance in a friendly manner, he said. Rajiv Sharma appealed to the team to convince the Japanese industries and companies to make huge investments in the State. He also urged the team to encourage the Tourism sector as the State has many Buddhist destinations.

Municipal and Urban Development principal secretary M G Gopal said about 40 per cent of people were residing in the towns in the new State of Telangana and steps were being taken to overcome traffic problems in the city. The State government was committed to complete the Metro Rail works at the earliest and efforts are on to encourage industries near ORR and will allocate land for businesses on priority basis, he said.

Roads & Buildings principal secretary Sunil Sharma asked the team to invest in potential sectors like IT, Manufacturing, Data Centers and others. Finance secretary K Ramakrishna Rao said Telangana is a revenue surplus State, achieved 15 per cent growth in collecting taxes and got financial stability and launching infrastructure schemes. He asked the team to invest in irrigation sector and construction of roads.

Tourism Commissioner Sunitha Bhagavan asked the team to encourage Japanese to avail tourism packages to visit several Buddhist spots in the State. Team Advisor Hiroshi said as part of their regular visit to Delhi and other metro cities, this time they came to Hyderabad. The team comprising some 1000 members, including representatives of many noted companies, looked into the appeals for investments in the State, according to a CMO release. (NSS)