Telangana IT and Industries Minister KT Rama Rao sought investments from South Korean companies in the state.
The Minister, who is currently touring the East Asian nation, also said a dedicated industrial park for Korean investors would be set by the state government in Telangana, an official release issued here said.
“KTR assured of all possible help to the Korean investors in Telangana. A dedicated Korean industrial park with support from government of Telangana was announced by the minister in the meeting,” it said.
“He spoke about Telangana state industrial policy and infrastructure facilities available in the state. The Minister also pitched the companies to setup their electronic manufacturing, textiles, life sciences, automotive, machinery and precision engineering plants in the state of Telangana, India,” added the release.
The delegation led by KTR which interacted with senior leadership team of Samsung Electronics invited the company’s delegates to examine the investment opportunities in state in the areas of electronics and medical devices manufacturing, it said.
He requested the Samsung delegates to invest in the upcoming medical park which is to be set in the state.
KTR also addressed a business meeting attended by more than 100 delegates in Seoul organised by the Indian Chamber of Commerce in Korea (ICCK) and Union government, it added.
Separately, Minister KT Rama Rao had a fruitful meeting with Masayoshi Son, Chairman & CEO, SoftBank.
It was agreed in the meeting to launch a national pilot on electric vehicles in Hyderabad, Telangana. During the meeting Masayoshi Son has appreciated the push given to digital payments in Telangana State.
The SoftBank leadership has agreed to collaborate with Telangana State on digital payment solutions including T-Wallet.
Minister has invited Masayoshi Son to be Guest of Honor for InvestTelangana event, slated for November of 2017 in Hyderabad.