KTR plans Taiwan-specific industrial cluster in Telangana state to attract more investment

Hyderabad: Industries minister K.T. Rama Rao on Wednesday proposed to set up the first Taiwan specific industrial cluster in Telangana state to

 attract more investments from Taiwan. He made this proposal during a meeting with a team from the Taipei Economic and Cultural Center (TECC), Chennai, headed by its Director General Ben Wang.

"We can jointly work with industry and trade organisations of Taiwan to help set up the first Taiwan Specific industrial cluster in India. This would help bring more Taiwanese investments into the state,' said KTR.

 Economic and trade cooperation between Telangana state and Taipei were discussed during the meeting.  

Rama Rao spoke about the TS-iPASS Bill which gives the investor the right to get time-bound clearances to start business. The delegation was presented with the recently-launched Pink Book and the minister explained the measures adopted by the government to improve the ease of doing business in the



state.

Wang appreciated the various steps initiated by government to improve ease of doing business and congratulated the state for being amongst the best in the country. He assured the minister of continued support and said that they would help facilitate a virtual event with important organisations in Taiwan in electronics, EV and other tech domains which would be followed by a physical event in

 Taipei when the travel restrictions due to the ongoing pandemic are relaxed.

 IT secretary Jayesh Ranjan appreciated the team's gesture of undertaking travel in such a restrictive post-pandemic environment.

'Apart from actively working on economic and trade fronts, we would also work on improving cultural ties and try to initiate some student exchange programmes between the universities in Taipei and the universities in Telangana. The startup ecosystem of Telangana with institutions like T-Hub and T-Works can also look for collaborations with companies in Taipei,' he added