Minister KT Rama Rao visits Malaysia to attract investments

Minister (Industries, Commerce, Mining, IT, Urban Development and NRI affairs) Mr K T Rama Rao attended a few important business meeting in Kuala Lumpur.  Minister KTR met Malaysian cabinet minister  for infrastructure Dato seri s samy vellu in kaulalampur. Minister discussed the opportunities in Manufacturing, electronics, IT, automobiles  areas in telangana. Minister KTR took them through various schemes of Telangana and future planning. Malaysian government has expressed  its interest in talking up two bed room scheme. Minister invited him officially to Telangana to study the areas of mutual cooperation in trade relations. Minister requested the Malaysian minister to take up a dedicated industrial park in Telangana for Malaysian companies.

 

Minister met ASEAN india business council today afternoon. The Minister in his opening remarks, explained in detail all about Telangana and the strengths the state has sector wise and based on some of the most unique features of its policy aimed at attracting investments in manufacturing, services, IT, Electronics and Pharma sectors. Minister emphasised that action is in the state and Telangana will do anything what's required to encourage new investments in the state. The minister informed that the state, with an intention to promote trade and investments, will open 6 country desk offices. Chairman ASEAN india business council  of Date' Sri Ramesh requested that one of the country desk offices can be set up in Malaysia.  Dato' Sri Ramesh's suggestion of making Telangana into a hub to encourage investors from ASEAN is welcome. This will take care of distribution requirements within India.

Further, minister assured that  Telangana state will provide all assistance and hand holding required for setting up JVs with Indian companies. The minister informed that a portal will be set up shortly listing out all possible SMEs who are looking for JV partners. The link of this portal shall be provided to all the delegates present today and to all High Commissions/Indian Embassies. Regarding the issue to have guidelines on LEDs, the Minister requested if any existing guidelines in this sector can be shared and the state will come out with its own operational guidelines.  HDRF (Human Development Resource Fund) is there in Malaysia to promote skill development and empowerment and Cos above certain threshold have to contribute in this fund as a cess for training purposes. The minister informed that Telangana also has TASK on similar lines. KLRCA (Regional Centre for Arbitration) where arbitration can be taken up on international arbitration formats.

 

Minister KTR also met Malaysian Resources Corporation Berhad (commonly referred to as MRCB) top management. Minister had a discussion with Azlan Zainol (Chairman), Mohamad Salim Fateh Din (Group Managing Director), requested them to consider the proposal of building inter city bus terminals (ICBT) and an convention centre with international standards in Hyderabad city. 

-Press note