Malaysian Minister Mustapa Mohamed meets KT Rama Rao

Malaysian Minister for International Trade and Industry Mustapa Mohamed met Industries Minister K. Taraka Ramarao here on Wednesday and discussed the possibilities of cooperation in various sectors in the state.

The high level Malaysian delegation which accompanied the minister also exchanged views on various issues where the two governments could work with each other.

KTR while welcoming the delegation said that India and Malaysia shared long traditional ties and there is a cultural bond between the two countries.  With eight percent of the Malaysian population consisting of people of Indian origin, synergy is possible with Malaysia. He explained about the new industrial policy and the incentives provided by the government for setting up industries in the state.  He said Telangana is the most preferred destination for investment.  The industrial policy of the



state promises uninterrupted power, dedicated water supply and right to single window clearance. Self certification and accountability are the salient features of the industrial policy, he added.

The Malaysian minister said that Hyderabad is one of the most livable cities and that he was impressed with the pace of change that is witnessed in the city.  He assured that his government would work closely with the Telangana government on T-Hub to create opportunities for young people. He said India is the fastest growing economies in the world and recalled that the International Monetary Fund (IMF) has endorsed government of India policies and rated India as a rising star. He said that he looked forward for more bilateral economic ties with Telangana being a very progressive and stable state of the Indian Union.

Principal Secretary, Industries and Commerce and Energy Arvind Kumar, Ahmad Syawal Hafriz Abdullah, Aida Safinaz Allias, Manick Raj, Commissioner Industries, Narasimha Reddy, MD, TSIIC and other officials were present on the occasion.