Industries and IT Minister D. Sridhar Babu greeting a member of the trade delegation from Malaysia that met him at the State Secretariat in Hyderabad on Monday.
Industries and IT Minister Sridhar Babu on Monday discussed with members of a visiting trade delegation from Malaysia the prospects of attracting investments in the areas of solar power, dry ports, sewage treatment plants and marketing support for women entrepreneurs and startups in Telangana.
He said this highlighting, to the delegation members, the investment-friendly policies of Telangana and how the State has created a conducive environment for investments in sectors such as electric vehicle manufacturing, industrial development and commerce.
The delegation’s visit was organised following an invitation extended by the Minister during his participation in the Malaysian Telugu Maha Sabha last month.
The event was facilitated by the Malaysia Telangana Association.
Ministers Tummala Nageshwar Rao and Jupally Krishna Rao along with Telangana PCC president Mahesh Goud were present during the discussions with the Malaysian representatives, Mr. Sridhar Babu’s office said in a release.
The Minister emphasised the importance of enhancing bilateral trade relations between Telangana and Malaysia, particularly in the areas of palm oil cultivation and tourism. He invited Malaysian collaboration in building advanced sewage treatment plants for desilting and cleaning Hussainsagar and highlighted the government’s plans to establish two additional dry ports in the State, seeking Malaysian participation in their development. Proposals to develop Kinnerasani and Srisailam backwaters into major tourist attractions with resort facilities were also shared.
He said Telangana has over 6.4 million women who are members of self-help groups and sought Malaysian support in marketing their products. He proposed organising an exhibition in Malaysia to showcase Telangana-made products, which received a positive response from the delegation. He also highlighted the ample opportunities in the food processing sector and encouraged Malaysian firms to explore investments.
Agriculture Minister Mr. Nageshwar Rao urged Malaysia to supply palm oil seeds or establish nurseries in Telangana.
Published – December 23, 2024 11:40 pm IST
