Hyderabad: A delegation headed by the Consul General of Singapore at Chennai Pong Kok Tian called on IT & Industries Minister KTR here on Tuesday. During the meeting, both parties discussed opportunities for Singapore companies to invest in various sectors such as information technology, urban infrastructure, pharma, and tourism.
In the meeting, KTR informed the Consul General that major global companies have already set up their offices in Hyderabad. He also stated that Singapore’s Surbana Jurong is preparing the master plan for Hyderabad Pharma City. He also highlighted the State government’s industrial policy, TS-iPASS, which is a single-window clearance initiative for investors. He also said Telangana was consistently ranked top in Ease of Doing Business in the country.
In the meeting, KTR said Telangana State was transformed into a favorite destination for global companies in the past five years. He said the Telangana government will provide complete assistance to the companies, who are interested in setting up their facilities in the state. During the interaction, KTR proposed a meeting with the heads of Singapore companies, who are looking for opportunities to invest in Telangana. He requested the Consul General to visit Telangana’s industrial parks and incubators such as T-Hub to understand the ecosystem in the State. He also mentioned about the BioAsia 2020 event and requested the Consul General’s office to assist in inviting major pharma companies to the event.
The Consul General appreciated the policies of the Telangana government and said the investor-friendly policies of the State will encourage the Singapore companies to invest in Telangana. Vice-Consul Ivan Tan and Principal Secretary Jayesh Ranjan were present in the meeting.