Good Response To KCR In China

Upon knowing that Telangana Chief Minister K Chandrashekhar Rao was leading a delegation to China and also of scheduled Telangana Investment Promotion visits to other major cities in China, several requests are coming from organizations to include their places, too, in his schedule.

One such request was from Jiande Ye, the President of the China Council for Promotion of International Trade (CCPIT), Shenzhen Council.

In his letter addressed to the CM, he stated that Shenzhen-based companies were increasingly keen to invest in foreign markets, and were looking for opportunities abroad, including in India.

The President requested KCR and the delegation accompanying him to visit Shenzhen on September 14 for exchanging ideas for mutually beneficial cooperation in trade and investment.

Today, Leo Wang, Chairman of the Leo group of companies, met the CM and expressed his company's willingness to invest in Telangana for the manufacture of heavy duty pumps. An investment of around Rs 1,000 crores is a possibility as a result of the meeting.

The CEOs of the top 30 companies located in the Liaoning State also had a long meeting with CM and his delegation, and exchanged views. They had discussions on the possibility of investments in Telangana.

Meanwhile, the Indian Ambassador to China Ashok K Kantha and his team of officials from the Indian embassy briefed the Chief Minister on the situation in China, and the prospects and potential of Chinese companies to make investments in India, especially in Telangana.