Dubai based noted Bin Zayed Group came forward to invest Rs 12,500 cr in Telangana for infrastructure development projects. Telangana Delhi Resident Commissioner Arvind Kumar today signed a memorandum of understanding with Bin Zayed Group in Dubai. The two parties discussed on the development of infrastructure and Dubai company agreed to invest Rs 12500 cr Arvind Kumar said.
The company is to invest on roads, Musi river development front, games and animation tower and infrastructure project. He gave a power point presentation to the Zayed Company and explained 14 points including pharma, life sciences, Aerospace, IT, Textiles and others. He also explained on new industrial policy, investments got and permissions given to new industries in three years and on the flagship programs like Mission Bhagiratha to give safe waters to rural areas and Tealngana fiber Grid to provide internet services. Shaik Khaled Bin Zayed Ali has said that they will invest in the infrastructure in the state. The company agreed to send a high level official team to the state. (NSS)