Telangana seeks Malaysia’s cooperation to set up industrial parks

Hyderabad, May 4 (IANS) Telangana has sought cooperation from Malaysia in setting up industrial parks in the state.

The state has also evinced interest in working with Malaysia in education, innovation, food processing and services sectors.

Malaysia’s Minister for International Trade and Industry Mustapa Mohamed on Wednesday met Telangana’s Minister for Information Technology, Industries and Commerce K.T. Rama Rao and discussed the possibilities of cooperation in various sectors in the state.

The high level Malaysian delegation which accompanied the minister also exchanged views on various issues.

Rama Rao said that with 8 percent of the Malaysian population consisting of people of Indian origin, synergy was possible with Malaysia.

He explained about the new industrial policy and the incentives provided by the government for setting up industries in the state.

Describing Telangana as the most preferred destination for investment, he said the state has set aside 2.5 lakh acres of land for setting up new industrial units.

He told the visiting delegations that Amazon, Google, Microsoft and Novartis have set up their campuses in Hyderabad.

The Malaysian minister assured that his government would work closely with the Telangana government on T-Hub to create opportunities for young people.



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