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China-based Anju Infrastructure keen on investing in Telangana
Highlights
The Telangana State Chief Minister K Chandrashekar Rao along with the delegation accompanying him to China tour, participated in the dinner, hosted by Indian Ambassador in Beijing Ashok K Kantha on Friday evening.
- Chief Minister K Chandrashekar Rao meets company’s director Yogesh Wagh
- After participating in several meetings in Shanghai for two days, he reaches Beijing
- Indian Ambassador hosts dinner in his honour
Hyderabad: The Telangana State Chief Minister K Chandrashekar Rao along with the delegation accompanying him to China tour, participated in the dinner, hosted by Indian Ambassador in Beijing Ashok K Kantha on Friday evening. On arrival the Chief Minister signed in the Guests’ Register at Ambassador’s house. Earlier, he reached China capital from Shanghai after staying there for two days.
While in Shanghai, the Chief Minister had an interaction with Yogesh Wagh, Director of Anju Infrastructure, a China-based leading company. He explained in detail the Telangana State Industrial policy to Yogesh who evinced keen interest and expressed his preparedness to invest in Telangana State. He invited him to visit Telangana for which he responded positively.
Before leaving Shanghai for Beijing, the delegation members in the team of the Chief Minister visited Suzhou Industrial Park Located in Suzhou, a city known as "the paradise on earth." They had an interaction with Yu Cai Zen, member of China–Singapore Suzhou Industrial Park Committee.
Yu briefed about the origin and development of the park and said that there were about seven lakh employees working in the park.Ministers Jupalli Krishna Rao and Jagadish Reddy and other members of the delegation appreciated the development there. They shared with Park Committee members details of Telangana State Industrial policy.
They also appealed to Yu and his team to extend their cooperation in developing such industrial parks in Telangana State. Suzhou Industrial Park (SIP) is an important economic cooperation project between Chinese and Singapore government and covers a total jurisdiction area of 288 sq km, among which 80 sq km area belongs to China-Singapore Cooperative Zone.
It is one of China's fastest-growing development zones with the most international competitive edges. It has been ranking the first for years among China's development zones in using foreign capital. As China's modernisation drive gained momentum in the late 1980s, many Chinese delegations visited Singapore to learn modern management methods, while Singapore was also planning Economic Regionalisation focusing on overseas investment.
Both governments decided to join hands in developing a modern industrial park in the east of Suzhou. The China–Singapore Suzhou Industrial Park (CS-SIP) was thus born on February 26, 1994.
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